The Blockchain Association sees language issues in the proposal that attempts to pay for a portion of the infrastructure package with a new digital asset tax information reporting provision.
- Provision is written in a way that could be interpreted to apply to persons in the crypto ecosystem who don’t have access to the information required for reporting, Kristin Smith, Executive Director of the Blockchain Association, says in statement
- “We urge Senators to clarify that the language doesn’t capture non-custodial entities in the digital asset ecosystem,” she says
- If these network participants, who don’t have any customer relationships, are required to …