pull down to refresh
Why do you think senators behave this way? Is there some incentive that pushes them towards this sort of mess?
If it was just a matter of acceding to pressure from lobbyists, I would think the House would suffer equally. what is it about the Senate that is different?
yeh i'd like to know this too
the main thing I can think of is that Senators are individually much more powerful than House members. They have an incentive to gum everything up just to remind everyone that tribute needs to be paid to them for them to sign off on anything.
My understanding is that both house and senate are purchased through the combination of transparent voting and campaign financing. Since there are fewer senators, their votes have a greater effect on the outcome of a bill, races are more expensive and the monetary strings stronger. Guess it takes time for crypto wealth to connect up to the political machine. Seems a lot is at stake here.
Congress is broken
This whole thing is so wild to me. The CLARITY Acts purpose was not to deal in topics like de minimis exemptions it was just to settle the CFTC vs SEC issues facing the industry. In the House, the bill was passed with bipartisan support for a reason, but the Senate has trashed the whole thing and is now creating something that's much larger and messier.
The House tried to make this easy first with stablecoin, then the other cryptos, and finally, they were working on the tax bill. It was easier both legislatively and in getting feedback from industry. Only the Senate would just blow up this whole process and try to lump everything into one bill now.
I hate the Senate snobs so much..... these people are literally the worst. They keep trying to shove shit into the bill that doesnt need to be since its not the bills freaking purpose.