The so-called broker rule, laid out by the IRS in a tax reporting proposal has been at times called unconstitutional, unprecedented in scope and an existential threat for the cryptocurrency industry.
One of those public comments was filed by industry advocates at Coin Center, which argued the broker rule is not only impossible to comply with but also likely a violation of U.S. crypto users and developers' civil liberties. CoinDesk reached out to Coin Center director of research Peter Van Valkenburgh.
Some people filing comments might see their business become non-viable. They were just publishing software tools, and now have to create a relationship with customers in order to report information about their customers even though they didn't have cu.
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