the telecommunications act of 1996 is eerily similar to the recent crypto bills being passed in D.C. its goal was to connect america to the internet at the time, it was considered a radical attempt by bill clinton to deregulate broadcasting and telecoms markets by allowing "anyone to enter the telecommunications business" one concern was that this sort of deregulation would result in the infrastructure market consolidating more heavily to a handful of companies this turned out to be valid. and, by 2001, four corporations owned 85% of all network infrastructure yet, this bill helped birth Google, Facebook, and many other pure software plays i suspect that a similar pattern will play out for crypto history may not repeat itself, but it sure does rhyme