Billionaire Tesla TSLA CEO Elon Musk weighed in, responding to a tweet by Coinbase chief executive Brian Armstrong that branded the infrastructure bill's crypto provision "disastrous."

"This is not the time to pick technology winners or losers in cryptocurrency technology," said Musk, who has become one of the world's biggest bitcoin and crypto influencers after added $1.5 billion worth of bitcoin to Tesla's balance sheet this year. "There is no crisis that compels hasty legislation."

The proposed