Elon Musk urges lawmakers not to choose ‘winners or losers’ in crypto

Elon musk

TL;DR Breakdown

  • Elon Musk, known for his positive stance on cryptocurrencies, has come in support of Coinbase CEO Brian Armstrong.
  • Brian has oppossed the passing of the Infrastructure Bill that has been introduced in the Senate.
  • Elon Musk replied to Brian’s Tweet, stating that there was no win in producing hasty decisions and laws.

The regulation of cryptocurrencies has become a big issue with governments across the world. While many countries have shown a positive stance on cryptocurrencies, the recent introduction of the Infrastructure Bill in the US Senate has become a matter of great debate.

People have come together on Twitter to showcase their negative stance on the newest bill surrounding cryptocurrencies. When it comes to Twitter and cryptocurrencies, Elon Musk is the name that deserves a special mention.

Elon Musk replies to Brian Amstrong’s tweet

The CEO of Coinbase has been very vocal when it comes to the introduction and passing of the bill. The bill is the ‘end for cryptocurrencies, ‘ as many people have considered. Afterward, an amendment was introduced by Mark Warner along with Rob Portman. The two have spearheaded a new amendment.

Brian had recently criticized the amendment as well as the bill itself. He has urged every person reading his Tweet to force the rejection of the amendment and the Bill itself. Although the amendment seeks to tone down the tax provisions, they are not very positive. As a result, Elon Musk has come out in support of Brian.

The bill is the end for cryptocurrencies

The bill is the end for cryptocurrencies, as many crypto supporters claim. Elon Musk has replied in the thread of Brian’s Tweet, agreeing with Brian. He further said that there are no optimistic laws that come out of hasty decisions.

Elon Musk further claimed that the hastiness of the authorities is unnecessary, and there is no need to pick and choose the winners in the crypto industry.

John Lincoln

John Lincoln

Lincoln contributes blockchain and crypto perspectives that meet the industry's selective information needs in a timely, undiluted fashion. His greatest wish is to share transformational technology through an engaging and easy-to-read style, making complex topics accessible to all.

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