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Rep. Ted Budd Helps Introduce Bill to Fix Anti-Crypto Provisions in Infrastructure Bill

Statement

By: Ted Budd
By: Ted Budd
Date: Nov. 18, 2021
Location: Washington, DC
Issues: Finance and Banking

Today, Rep. Ted Budd (R-NC) joined a bipartisan group of 10 House members to introduce the Keep Innovation in America Act. The bill provides clarity for innovators and investors in financial technology like cryptocurrency and blockchain by fixing the destructive digital asset reporting provisions in the Infrastructure Investment and Jobs Act.

Rep. Budd said in a statement:

"The United States needs to be leading the world in digital asset development instead of overregulating it and pushing it overseas. I'm proud to join with colleagues from both sides of the aisle to remove burdensome regulations and taxes on everyday crypto investors. Our country prospers when Americans have the freedom to innovate and experiment. That's why the federal government must do everything it can to ensure that the future of financial innovation is made in America."


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