Leaders in the crypto industry keep to speak up as the bipartisan $one-trillion infrastructure neb, known for implementing tighter rules on crypto businesses and expanding reporting requirements for brokers, passed the United States Senate. Billionaire investor and Bitcoin (BTC) proponent Mark Cuban is one of them.

Speaking to The Washington Mail service over the weekend, earlier the bill officially passed the Senate, Cuban drew a parallel between the growth of crypto to the rise of east-commerce and the internet in full general:

"Shutting off this growth engine would be the equivalent of stopping e-commerce in 1995 because people were afraid of credit card fraud. Or regulating the creation of websites because some people initially idea they were complicated and didn't understand what they would always corporeality to."

Cuban is a vocal advocate for crypto and decentralized finance. The Dallas Mavericks possessor is known for enabling the Mavs to accept Bitcoin, Ether (ETH) and Dogecoin (DOGE) payments for tickets and merchandise items.

He likewise argued in May that crypto nugget prices are increasingly reflective of real utility and demand and that the day will eventually come up when crypto is "mature to the point we wondered how we always lived without."

Related: Senators introduce pro-crypto subpoena to infrastructure bill; industry says information technology's not plenty

On Tuesday morning, the U.South. Senate passed the controversial bill in a 69–30 vote. The beak's primary focus is roughly $1 trillion in funding for roads, bridges and major infrastructure projects.

However, the bill caused serious concerns in the crypto community, as it will implement tighter rules on crypto businesses, expand reporting requirements for brokers, and mandate that digital asset transactions worth more than $10,000 are reported to the Internal Revenue Service.

Senator Pat Toomey, who was among the lawmakers who have written an amendment to the infrastructure beak to exclude certain crypto companies from the reporting requirements for brokers, said the new legislation imposes "a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation."