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8-word crypto amendment in Infrastructure Bill an ‘affront to the rule of law’
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Legal experts have warned that a section of the Infrastructure Bill, which is due for a vote today, amends a part of the tax code and makes a failure by businesses and individuals to report digital asset transactions a criminal offense.
University of Virginia School of Law lecturer Abraham Sutherland said it is a separate provision to the controversial “broker” provision that attracted all the attention when the bill was in the Senate:
Meltem Demirors, CSO at CoinShares, raised her concerns on Twitter about what she sees as the unconstitutional and anti-American nature of the amendment.
this bill is unconstitutional and inherently anti-American private citizens have the right to financial privacy and financial freedom absolutely shameful to
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