Senator Reed Proposes Amendment to Restrict Crypto as Legal Tender

Eleanor Terrett posted on X. Senator Jack Reed has introduced an amendment aimed at prohibiting the use of cryptocurrency as legal tender, specifically for paying taxes. This move comes in contrast to a previous bill introduced by Representative Warren Davidson, which sought to allow tax payments using Bitcoin. Additionally, over 40 amendments have been proposed by Senator Elizabeth Warren, including one that would restrict the Federal Reserve from issuing master accounts to cryptocurrency companies.