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Critical Oversight in U.S. Infrastructure Bill Puts Digital Asset Privacy and Compliance at Risk
The recent discussions among industry experts Abe Sutherland and Greg Exothalis shed light on overlooked and potentially dangerous provisions nestled within the U.S. infrastructure bill, particularly those impacting the digital asset and cryptocurrency community. While the bill has garnered attention for its broker reporting requirements, a far more insidious and less understood element, Section 6050i, threatens to fundamentally alter how peer-to-peer transactions are regulated, enforcing criminal penalties on everyday users and raising serious constitutional concerns.