Reply To: Banks trying to kill decentralized finance (DEFI) with help of IRS

[Matt Silvers]

Regulation is good…. allows for institutional adoption and growth of the space.
Here is an update to my original post regarding the inclusion of Internal Revenue Code Section 6050i in the Infrastructure Bill.

A comprehensive bipartisan bill has just been introduced in the House to fix EVERYTHING wrong with the infrastructure bill’s crypto tax provision–including the unconstitutional §6050I individual reporting mandate.
https://www.congress.gov/bill/117th-congress/house-bill/6006