ETHE - Ethereum And ETHE Soar Despite Congress Attack On DeFi In Infrastructure Bill

• Government officials are challenged to apply legacy frameworks to cryptocurrency regulation due to crypto's permissionless, decentralized nature.
• The Senate's position on a tax treatment for cryptocurrency participants remains unclear as partisan bickering and spite denied a vote on amendments.
• The "compromise" position did not provide an exemption to the broker definition for developers of digital assets and their protocols, a threat to Ethereum.
• The Ethereum network solidified its position as a leader in the crypto space last week with the successful London hard fork and EIP-1559's enactment.
• A key feature of Ethereum 2.0 will be increased scalability, which furthers the network's medium of exchange objectives.

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