The US Treasury and IRS are proposing new regulations that would mandate mass surveillance of digital assets. This would be a massive blow to our human rights. That’s why we’re calling for the government to #StopFinancialSurveillance https://www.stopfinancialsurveillance.org
Discussion
In 2021, the Infrastructure Investment and Jobs Act was passed despite tens of thousands of calls from the #DontKillCrypto army. Now, the IRS and Treasury are putting the government’s surveillance plan into motion.
These new rules could require anyone deemed a broker to collect personal information about users of their crypto tools and report that information to the IRS in the name of reducing tax avoidance.
Compliance with this rule and its reporting requirements would be impossible for some of the people working with this tech. The definition is so broad that it would force developers working on decentralized tech projects to collect info they don't have and certainly don't need.
This might look fine on the surface but what it really means is that the government is forcing software developers or builders exploring crypto to track and sell out their users’ data. This is unconstitutional and a downright violation of our right to #financialprivacy.
We want a future in which tech is #decentralized and impossible for governments to surveil or manipulate. We don’t all have to agree on crypto but we can agree that government mass surveillance is bad for us all.
We have until October 30 to speak out about this. We’ve created this tool to help you submit your comment before the deadline. Take ACTION NOW https://stopfinancialsurveillance.org.