Cryptographers Like Messari Founder Criticize New Cryptocurrency Tax Rules

On August 27th, according to Cointelegraph, the crypto community criticized the new cryptocurrency tax regulations proposed by US President Biden. In order to prevent cryptocurrency users from evading taxes, the US Internal Revenue Service (IRS) requires brokers to follow new rules for selling and trading digital assets. Brokers will use new forms to prevent tax evasion. In response, Ryan Selkis, the founder of Messari, believes that if Biden is re-elected, the future of cryptocurrency in the United States may be affected. Similarly, Chris Perkins, the CEO of crypto venture capital firm CoinFund, believes that other countries have already surpassed the United States, and these rules will inevitably lead to a decrease in innovation flowing into the country.

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