So the Token Taxonomy Act is back in the US Congress, and it's super important for all of us in the crypto space to make our opinions known about this legislation. I'm urging everyone to sign the online petition linked below and share it far and wide. Post it in other crypto communities you’re a part of, tweet about it, share on Facebook, or even shoot an email to your buddies. Every little bit helps!
http://chng.it/NcLqKfWXnz
I was about to sign it but the moment I landed on Change.org I saw this on the petetion page :
The less said about the Chinese gove's sentiment towards crypto - is better. The world knows they'll never be crypto friendly, crypto will no doubt destabilize their shit fiat.
But the biggest thing that stuck out there in that list of countries is India.
There are absolutely NO intentions from our current or past government to implement any token taxing law. If anything, they want to outright ban it.
A case on the Indian Supreme court is pending for months now where the judges have asked the government to come up with a set of rules but the gov keeps pushing for more dates.
So yeah, I'll sign your petition, but correct the fact there first!
I don't think that 1,500 signatures would be enough to do any kind of such influence on a passing of a bill in congress. You see passing of a bill into a law is tricky especially if you have a majority and a minority side all they do is to find this kind of compromise to each other just to pass it on another floor, even if these 1,500 souls are somehow heard I wouldn't be surprised that the senate and the congress will have a big changes on the law itself. Speaking about the signees itself I don't think I need to be a part of it since as of the moment of writing this the petition has 1,107 signatures out of the 1,500 goal.
I completely agree. I'm not entirely sure why India is on that list either, especially given all the recent news on RBI restrictions and all that (which isn't really recent anymore given the amount of time that these restrictions have been in place). Perhaps it's just a filler.
Anyways, this is what countries should be looking to do - positive regulation, as opposed to restrictions or bans.
I personally think that the US can really be doing a lot better in terms of incentivising blockchain or crypto related businesses to go operate within their country, because right now, there are others like Japan and Malta that seem to be leading the way. I'm also not sure how a petition alone is going to fare in terms of awareness or actual practical results, though.
I would go as far as to say that no amount of signatures would be enough to have any influence on a passing of a bill in congress
we have witnessed lots of examples when public opinion on a certain matter was discarded , lets recall the 2 million anti-war London protest or
the anti gay marriage protests in Paris : https://www.spiegel.de/international/europe/anti-gay-marriage-activists-clash-with-paris-police-a-890752.html
did it change the goverment's stance on the matters? the answer is no
so I would expect the signatures go as unnoticed as they can be