Crypto community concerned over impact of infrastructure bill on DeFi

Crypto community concerned over impact of infrastructure bill on DeFi

Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of a definition for the term “broker.” 

House lawmakers stated that a vote for the infrastructure bill would take place on Thursday, Sept. 30, yet Congresswoman Nancy Pelosi announced on Sept. 29 that the infrastructure bill vote would be delayed beyond Thursday. Media sources have since noted that the infrastructure bill could be voted on during Friday, Oct. 1.

While the looming implications of the infrastructure bill may seem obvious, some members of the crypto community voiced specific concerns regarding the legislation during an “ask me anything” panel hosted by the Enterprise Ethereum Alliance on Sept. 29.

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Ryan Selkis, chief executive officer and co-founder of Messari — a crypto asset data and research company — believes that the

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