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Re:DeFi and the “digital asset” felony hidden in the infrast... by nickff on Thursday November 04, 2021 @03:58PM (#29111833)
The reason for this is that most legislation wouldn't pass without the amendments; the amendments contain 'pork' and special interest legislation that encourages legislators who are on the fence or even mildly opposed, to vote for the bill. Some of the most well-documented examples of this are the amendments to the ACA (Obamacare), which include the infamous 'corn-husker kickback'.
Re:DeFi and the “digital asset” felony hidden in the infrast... by Djrhfbfnsks on Thursday November 04, 2021 @04:41PM (#29112319)
I don't think it's a bad thing that most current legislation wouldn't pass as-is. If it's not popular enough to reach the required threshold on its own, then it shouldn't become law.
Re:DeFi and the “digital asset” felony hidden in the infrast... by hallway_monitor on Thursday November 04, 2021 @04:31PM (#29112204)
Yes everyone knows about that carve out in the ACA. But does everyone know it was removed, allegedly at Nebraska senator Nelson's request, before the legislation went into effect?
Re:DeFi and the “digital asset” felony hidden in the infrast... by nickff on Thursday November 04, 2021 @04:45PM (#29112345)
That one was removed, but a number of others remained: https://www.politico.com/story/2009/12/payoffs-for-states-ge...