(Cointelegraph) The crypto fraternity is against a new tax amendment backed by the White House on the U.S. infrastructure plan calling for strict reporting requirements by developers and validators.
The White House deputy press secretary Andrew Bates maintains the provision will enhance tax compliance in the emerging financial sectors.
The cryptocurrency community is opposing the amendment to the crypto provisions in the White House infrastructure plan, which aims to raise $28 billion towards infrastructure funding.
The amendment has attracted widespread criticism, with a petition on FightForTheFuture.org going live and an article by EFF released saying the move harms innovation.
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