- 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.
For further details see:
Ethereum And ETHE Soar Despite Congress Attack On DeFi In Infrastructure Bill