This defeat in crypto is going to hurt a lot of people in my opinion because people are the one's that will be affected by this bill. Also, I think that this fight won't be over, hopefully there will be more voice that will speak out as to how bad this bill is and other future bills that involve a strict regulations.
What defeat in crypto?The bill is going to be revised,I guess.
It's great that the crypto supporters all over the USA can unite and work as a coalition,in order to stop this legislation(or at least the part that threats crypto miners and developers as brokers).
Putting cryptocurrency/blockchain developers and cryptocurrency miners in the "brokers" category is simply wrong.I'm sure that the senators will remove this mistake.Politicians are usually ignorant,when it comes to new technology and innovation,but they aren't that dumb.