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Podcast: The Alt Thinking Podcast by Ninepoint Partners
Episode: DeFi Decoded: Special Episode - DeFi in the Balance: The Infrastructure Bill and The Challenges of Regulating Non-Custodial, Decentralized and Autonomous Entities
Description: Tucked away in the infrastructure bill before congress is a 'pay-for' provision that claims it will raise $28 billion in new revenue from the cryptocurrency industry by requiring brokers to provide information on their users. To be sure, traditional exchanges and brokers such as Gemini, Coinbase and others should be regulated and comply with any new tax laws approved by congress. However, as originally written, the provision could be interpreted to include virtually every kind of participant in the industry, from miners to software developers, lightning nodes (Bitcoin) and others. This is a pivotal moment in this trajectory of digital assets, De...