The US dollar is eroding, & cryptocurrency use is rising. Will this trend hurt the global economic system?
Washington, D.C., Sept 13, 2021 - (ACN Newswire) - In August, the US Senate approved the $1 Trillion Infrastructure
Bill, as part of the $3.5 Trillion Budget Bill. Language in this bill suggests that $28 Billion in funding will come
from enforcing tax-reporting requirements on cryptocurrency brokers. A cryptocurrency broker is anyone who buys or sells
cryptocurrency. Just months earlier, Nasdaq stated that 17% of the US population, or roughly 46 million Americans, now
own cryptocurrency. Further, research from The Ascent, a Motley Fool service, predicts that over 20% of Americans who
have never before owned cryptocurrency, are expected to buy crypto in the next year. This would add another 50 million
Americans to the team of crypto "brokers" tasked with funding the Infrastructure Bill. Are the fiat and crypto sides
being pitted against each other? As capital flight shrinks the power of the US dollar, is Congress responding by taxing
the 'culprit'?
This fall, the Government Blockchain Association (GBA) (www.gbaglobal.org) has partnered with a coalition of blockchain associations to present Blockchain & Infrastructure, a two-day hybrid event coupling an educational seminar with a networking reception. As the debate over
blockchain and cryptocurrency torches through Congress, one thing is crystal clear: government regulation of this
technology is on the table NOW. Government policy makers need relevant information to craft the legislation being
demanded of them. This 2-day seminar is a crash course in that education.
On Tuesday evening, September 28, GBA's evening reception will introduce law makers and government leaders to the people
and organizations using this technology in positive and productive ways. Creating open dialogue is paramount if we are
to establish a healthy legal framework where consumers are protected and innovation and economic development flourishes.
For more information, including live and virtual Tickets, go to www.governmentblockchainfoundation.org.