This is not a minor thing. The KYC stuff can effectively _ban cryptocurrency_ and some are trying to get an exception for _bitcoin only_. This is the equivalent of banning all computers that came out in the last five years.

TL;DR - Some senators think that the language is too vague and a crypto developer could fall into the definition of a broker, causing them to have strict IRS reporting requirements.

More conversation in https://news.ycombinator.com/item?id=28074809

cc: dang