While crypto has always been important as an independent issue in politics, sometimes it becomes entangled within the wider dynamics of politics. The notorious infrastructure bill — a major pillar of the Biden administration’s economic agenda —It happened suddenly in the U.S. House last Friday despite congressional Democrats’ original agreement to vote on the party’s other legislative priorities first. Having passed 228 to 206, the bill is moving to President Biden’s desk. It authorizes massive expenditures on roads, bridges, broadband internet access and a few other crypto-related provisions. These have remained the same since the inception of crypto.Protests were madeThis tacit addition was made to the bill.

Disheartening as it is, this setback is not irreversible: Crypto advocates haven’t yet exhausted the full range of tools available to challenge the contestable tax reporting and financial surveillance rules.