Cryptocurrency: Activism Required Now - Govt RAID Insane TX Tracking Data Collection Tax Theft Jailed SmallBiz Terrorist KYC PATRIOT

[grarpamp]

Listen to this man.

@BillHughesDC
If you run a crypto company that has policy people or simply a lawyer,
then there is zero excuse for your company not to submit a comment
now. Ask your employee RIGHT NOW what your company is doing. Get
involved, now, if you haven't been already. And please, don't just say
privacy is important to you and that current reg schemes don't get new
technology, etc. If you are vague and academic, what you say will be
of scant impact. TREASURY/IRS WOULD PARTICULARLY LIKE TO KNOW WHAT IT
WOULD TAKE FOR YOU TO COMPLY WITH THE PROPOSED RULE. HOW LONG. HOW
EXPENSIVE. HOW DIFFICULT. WHETHER ITS IMPOSSIBLE IN CERTAIN RESPECTS.
Be specific in what this proposal actually means for you, and they
will listen. They sincerely want the feedback. Talk about how hard it
would be for you to comply with user tax data collection, withholding,
1099 reporting, transaction monitoring, cost basis tracking, etc. if
that is indeed the case. If you CAN'T know certain information the
reporting obligations requires you to know and report, then explain
why you can't. Please, don't cut corners here. Don't assume someone
else will make an argument on your behalf. What the rules are and when
they go into effect is a big deal, so don't twiddle your thumbs with
this.