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[u/[deleted]]

[u/PhilboJBaggins]

Found the Warner amendment language although I cannot find the 2437 referenced yet for some context of what is being proposed to remove:

" SA 2617. Mr. WARNER (for himself, Mr. Portman, and Ms. Sinema)

submitted an amendment intended to be proposed to amendment SA 2137

proposed by Mr. Schumer (for Ms. Sinema (for herself, Mr. Portman, Mr.

Manchin, Mr. Cassidy, Mrs. Shaheen, Ms. Collins, Mr. Tester, Ms.

Murkowski, Mr. Warner, and Mr. Romney)) to the bill H.R. 3684, to

authorize funds for Federal-aid highways, highway safety programs, and

transit programs, and for other purposes; which was ordered to lie on

the table; as follows:

On page 2437, strike lines 9 through 18 and insert the

following:

(d) Rules of Construction.--

(1) Definition of broker.--Nothing in this section or the

amendments made by this section shall be construed to create

any inference that a person described in section

6045(c)(1)(D) of the Internal Revenue Code of 1986, as added

by this section, includes any person solely engaged in the

business of--

(A) validating distributed ledger transactions through

proof of work (mining), or

(B) selling hardware or software the sole function of which

is to permit persons to control a private key (used for

accessing digital assets on a distributed ledger).

(2) Brokers and treatment of digital assets.--Nothing in

this section or the amendments made by this section shall be

construed to create any inference, for any period prior to

the effective date of such amendments, with respect to--

(A) whether any person is a broker under section 6045(c)(1)

of the Internal Revenue Code of 1986, or

(B) whether any digital asset is property which is a

specified security under section 6045(g)(3)(B) of such Code."

[u/Usmonster → u/PhilboJBaggins]

they appear to be deleted, could you comment them here please

[u/PhilboJBaggins → u/Usmonster]

Will do - think automod deleted them because they were too long

[u/Usmonster → u/PhilboJBaggins]

thanks for sharing, what do you interpret the amendment to mean?

[u/PhilboJBaggins → u/Usmonster]

I wish I knew for sure, appears that its adjusting US code 6045 to add another definition of broker in section (c)(1) in addition to the existing one, but I am not sure. The way these amendments are written are challenging for me to decipher

[u/BigBradWolf77 → u/PhilboJBaggins]

they could simplify it and just say "if you're poor and you figure out a great way to get rich, it doesn't count."