{"id":38670,"date":"2021-08-11T17:27:55","date_gmt":"2021-08-12T00:27:55","guid":{"rendered":"https:\/\/lapost.us\/?p=38670"},"modified":"2021-08-11T17:38:21","modified_gmt":"2021-08-12T00:38:21","slug":"crypto-industry-seeks-to-build-momentum-after-losing-senate-fight","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=38670","title":{"rendered":"Crypto industry seeks to build momentum after losing Senate fight"},"content":{"rendered":"<p>Cryptocurrency leaders say that even though they failed to change language related to the regulation of their industry in the Senate&#8217;s bipartisan infrastructure bill, the heated floor fight over it underscores their growing power in Washington.<\/p>\n<p>They\u2019re gearing up to use that momentum to push back on the bill in the House and take the lead on future cryptocurrency rules.<\/p>\n<p>\u201cI think we were an unexpected force to be reckoned with,\u201d said Kristin Smith, executive director of the BlockChain Association.<\/p>\n<p>The industry group, along with crypto companies and digital rights advocacy groups, created a joint front to push back on a provision in the bill that they argued included an overly broad definition of \u201cbroker\u201d that would sweep in regulations for software developers and so-called miners.<\/p>\n<p>\u201cWe were able to sort of work outside of some of our traditional allies and build a bigger coalition, and one that we think, despite not getting it across the finish line in the end, was actually pretty effective,\u201d Smith said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency leaders say that even though&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,12],"tags":[],"class_list":["post-38670","post","type-post","status-publish","format-standard","hentry","category-business","category-science-tech"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/38670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38670"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/38670\/revisions"}],"predecessor-version":[{"id":38671,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/38670\/revisions\/38671"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}