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Podcast: Unchained
Episode: Not Reporting Info on Some Transaction Partners Could Soon Be a Felony
Description: Remember the $1 trillion infrastructure bill, which caused considerable backlash from the crypto community due to the language regarding “brokers?” Abe Sutherland, an adjunct professor at University of Virginia School of Law, believes another provision tucked inside the bill could end up being a far more significant issue for anyone transacting in digital assets. Show highlights:
how Abe fell down the crypto rabbit hole
what provision 6050I is and how it could affect anyone transacting with digital assets
how 6050I works and when it would apply
why violating 6050I would be a felony
how 6050I discourages digital asset transactions
how...