Doc's Daily Commentary

Mind Of Mav

Is The Infrastructure Bill About To Kill Crypto?


All the fud and fuss around the controversial infrastructure bill in the context of crypto “broker definition” has taken a new turn, with the senate passing the $1.2 trillion infra bill with the majority voting down all the proposed amendments regarding crypto tax reporting.

Now this bill will move to the House of Representatives, where it’s set to be debated and reviewed further. You all must be wondering and scratching your head with this one big question?

What The Heck Is This Infrastructure Bill?

Well, let me help you with this!

This bill was proposed on Aug 1 2021 by a group of US senators, they named the bill as ‘’$1.2 trillion bipartisan infrastructure bill’’. The core objective of the bill is to spend heavily on improving US infrastructure by building roads, bridges, ports, and high-speed internet, etc.

What is the core feature of this bill?

This bill is documented with 2702 pages

It plans to spend $550 billion in new infrastructure expenditure

This $550 billion comes on top of $450 billion of funds that were approved previously.

A $66 billion has been planned to be invested in strengthening the railway service and infrastructure

It also proposes to spend $73 billion to facilitate America’s switch from fossil fuels to clean, renewable energy

About $65 billion has been allocated to enhance the internet speed for all Americans with the help of broadband infrastructure

$55 billion will be invested to ensure that clean drinking water is made available to the Americans

What Makes It Controversial For Crypto Community?

This much debated and discussed infra bill became controversial when it made the provision to define the term “broker ”. This term in the bill was coined with the sole objective to mark those traders, crypto developers, and business ventures dealing in crypto mining validating and staking as brokers and thereby enforcing the clause of tax reporting requirement against all such entities.

Crypto investors, developers, and the community at large see this as extremely unfair and are worried about the short-term and long-term implications of this if it gets passed in the house of representatives too.

Should we be concerned as crypto investors and supporters?

Well, I being a big fan of crypto innovations do get concerned about such unclear definitions and haphazard moves, especially when these groups of people have not done much homework in understanding the underlying technology and its working, By no mean, the term broker fits aptly for the developers and miners involved in crypto innovations like mining, trading, and staking and so the tax reporting enforcements seems to be too harsh here.

This bill if gets the nod from the house of representatives may have some sentimental impact especially for US-based crypto investors, But I strongly believe that this time shall also pass by and it will not have any major impact.

Are regulations needed in the crypto world?

Having said that I do feel that healthy regulations do have some space in the crypto world but the way should get rolled out has to be right and should have honest intention.

There are many rug pull events being reported in unregulated Defi projects, where the platform goes out of fuel in no time due to the malicious attack from the hackers who manipulated the smart contract bugs to do so.

Refer to this new event just reported a few hours back today:

Also, many Defi projects like this, are out there purely as scams, promising high returns trapping new-age crypto investors to lose all their hard-earned money. Some regulations to crack down on such scams, which can safeguard investors’ money have to be thought through and implemented.

“I know it is easier said than done, the challenging part will be in preserving the core fabric of decentralization when thinking of any kind of regulation. ”

Summing Things Up :

I feel :

“Any bills like this cannot be used to act like dictators. People’s welfare and privacy have to be at the core and any kind of mollified intent to snatch the power from the hands of those very people who make this democracy function will have a very deep-rooted impact on the nation who blindly want to enforce their idea with half baked knowledge.


The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)


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What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



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