Oh, and there's one other thing: There is no companion bill to SAFE in the
Senate. So assuming (this is a big assumption) the Senate approves ProCODE
or something, then the differences between the two bills would be hammered
out in a conference committee.
Needless to say, this would be very dangerous and domestic controls could
be inserted in a heartbeat. It depends on who's on the committee, for one
thing, and whether ostensibly pro-crypto legislators are willing to
compromise in exchange for more funding of their own pet projects, etc.
But all this is far in the future and unlikely to happen with this Congress
and this obstructionist and veto-happy administation. It seems to me that
the millions of dollars that have been spent by the industry in
crypto-lobbying efforts could have been better spent on, say, offshore
development.
-Declan
