Why Cryptocurrencies Don't Need to Fear the U.S. Infrastructure Bill?

At first glance, the crypto community's resistance appears to have failed.

The $1 trillion bipartisan infrastructure bill has cleared its final procedural hurdles in the Senate, making it likely to pass easily in the coming days. Meanwhile, proposed amendments to modify the crypto provisions within the infrastructure bill failed to gain unanimous approval in the U.S. Senate.

But so what?

According to David Hoffman, host of Bankless, this does not change the long-term trajectory of cryptocurrency—in fact, it may make crypto even more bullish. Here’s why.

Reason One: The market doesn’t care

The market has spoken—and it says it couldn’t care less.

Since the infrastructure bill was introduced, ETH has risen from $2,300 to $3,100, and BTC has climbed from $33,000 to $45,000—representing the strongest market momentum for these assets since Q1 of this year.

In the coming months, markets won’t “price in” these regulations; if this were truly a concern, the market would already be reacting.

The market doesn’t care.

Even in the face of negative news, the market has risen 25% over the past two weeks.

Reason Two: It’s a ritual

Bad regulation is the prelude to good regulation. Even if the current regulation is flawed, the mere fact that native crypto language—“validators, miners, wallets, DeFi”—has carved out a niche inside the U.S. Senate is wildly bullish. America’s top regulators are now hearing these terms.

As Senator Ted Cruz said, "There aren't five senators in this room who actually understand crypto."

And from here, we enter launch mode.

First they ignore you,

Then they laugh at you,

Then they fight you (we are here).

Then you win.

Reason Three: Legitimization

As an industry, we needed this test. Whether we pass or fail doesn’t even matter—the fact that the test is happening is extremely bullish.

Our industry now has legitimacy. We’ve forced U.S. senators to discuss cryptocurrency on the Senate floor. We’ve moved out of the dark corners of the internet and fully into the mainstream conversation.

Crypto is unstoppable

The entire purpose of this industry is censorship resistance.

Internet-native protocols do not reside within the borders of nation-states.

Ethereum was designed as anti-regulatory technology.

Regulators and incumbents can make our lives harder, but they cannot stop us.

You cannot regulate DeFi—you can only push it elsewhere.

Regardless of the outcome of this bill, this moment serves as a valuable test to reveal where power truly lies. Those attempting to regulate this industry hold no real power over it—that’s why they’re afraid. Real power belongs to those aligned with the industry.

Either kneel, or fade into history.