Infrastructure Bill can still be remedied: DeFi dev turned Congress candidate
Infrastructure Bill can still be remedied: DeFi dev turned Congress candidate Matt West, DeFi developer by night and a Democratic candidate by day, believes there is still time to remedy the anti-crypto provisions of the U.S. Infrastructure Bill. The controversial United States Infrastructure Bill was signed into law by President Joe Biden on Monday, with the legislation passing without amendments made to the broad provisions that could impose stringent reporting requirements on crypto network validators and software developers. However, decentralized finance strategist turned Democratic congressional candidate Matt West believes there is still time to push back. Speaking to Cointelegraph, West said, “My understanding of this bill is that it has been signed, but it hasnt taken effect yet.” The crypto community has taken particular issue with section 6050II of the bipartisan legislation, which makes failing to report digital assets transactions a criminal offense. West, who otherwise supports the bill, said that section 6050I doesnt make “a whole lot of sense,” citing new rules that require NFT sellers to know the tax ID and social security number of potential buyers. “All these very invasive details,” he said, adding that they are “really indicative of how people in the space are led in Congress are legislating on issues they



