Eyes open... There is a rumor that HR 4741 was part of the infrastructure bill.
I found the bill here:
https://www.congress.gov/bill/117th-...bill/4741/text
Something to note:
It deems all coins with "any fundraising or capital formation activity (including initial coin offerings) which is accomplished through the issuance of such a digital asset" as securities. Over 90% of cryptocurrencies would be securities if this is the case. Further, HR 4741 rugs stable coins, by stating "no person may issue,
use, or permit to be used a digital asset fiat-based stablecoin that is not approved by the Secretary of the Treasury."
If you have coins behind a stable coin trading pair, this law would put you at risk the moment it's signed.
I have not yet been able to confirm that HR 4741 is in the infrastructure bill yet. I've been scouring around trying to locate confirmation of this. It won't affect me, as I've long been anticipating this to be the case and got out of everything except XRP. But I thought people should be aware that there could be some turbulence ahead.
Stay frosty...