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Cryptopols
@cryptopols
🏛️ CONGRESS BILL UPDATE New cosponsors for H.R.5403 - CBDC Anti-Surveillance State Act: Laurel Lee, Randy Feenstra, Matthew Rosendale, Kay Granger, Dusty Johnson and Andrew Clyde This bill now has 120 cosponsors in Congress! Crypto Sentiment: Strongly Pro https://cryptopols.com/cp/legislation_detail?id=36
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codeofcrypto
@codeofcrypto
With only 535 in Congress, how common is it to reach 120 cosponsors? @caphillcrypto
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Cryptopols
@cryptopols
It's fairly rare to see this high number. However, it's even more significant if there is bipartisan support. Unfortunately, that's not the case for H.R.5403, all cosponsors are Rs. Here is a snapshot of the most recent crypto bills showing the number of cosponsors for each legislation in the 5th column.
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codeofcrypto
@codeofcrypto
Really interesting. There’s definitely a machine learning and AI angle to pursue in this dataset. Has anyone retrospectively reviewed bills to identify metrics that predict likelihoods of success? @captainsambrown — I’m curious about bottlenecks that you see in passing crypto legislation today.
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codeofcrypto
@codeofcrypto
Also adding @iserlone for more perspective
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Michael Cameron
@iserlone
Congress.gov has an API for the data: https://gpo.congress.gov/
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Oliver Zerhusen
@oliverzerhusen
Govtrack provides statistical analyses of legislation and assigns a prognosis score to each bill. HR 5403 currently sits at 21% chance of succeeding. They have taken it to a science trying to predict the chances of bills becoming law. Link to their methodology: https://www.govtrack.us/about/analysis#prognosis
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