Charles Hoskinson to Speak in Washington to Criticize Infrastructure Bill

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Charles Hoskinson has been invited as a speaker at a training seminar for US legislators and government officials on blockchain technology.

The recent debate in the US Senate on the infrastructure bill has made two things clear: the government plans to regulate the blockchain industry, but it doesn’t understand its principles to do the job effectively.

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The Government Blockchain Association (GBA) hosted a two-day educational seminar on blockchain and infrastructure for legislators, regulators and their staff. Charles Hoskinson, founder of the Cardano blockchain and co-founder of Ethereum, was invited to the seminar to educate legislators and government officials.

Hoskinson will be performing live from Washington, DC, and the seminar will be broadcast to virtual participants in the Americas, Europe, Asia, Africa and Australia, according to the event announcement.

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Last month, the US Senate unanimously passed the Infrastructure Act in a rare sign of party unity. Senators’ unanimity and the haste with which the new law was passed stemmed from the risk of a US default on government payment obligations in the absence of party-to-party agreement on macroeconomic issues. Commentators said the enactment of the new law would provide the necessary money to renovate America’s dilapidated transportation infrastructure and fund a $ 3.5 trillion government spending package.

The crypto community opposes the legal changes to reporting for cryptocurrency brokers and “unnecessary obligations” to provide information about transactions to the IRS. Hoskinson hopes with his speech at the seminar to convince lawmakers to make amendments, taking into account the peculiarities of the functioning of the cryptoindustry. He believes that “as a society, it will react to the law on infrastructure, determine the future direction of the regulatory landscape in the coming years.”

A vote on the bill in the House of Representatives is scheduled for September 27. But according to CNN, the vote is likely to be delayed until early October.

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