US infrastructure bill could make crypto mining illegal

Re:US infrastructure bill could make crypto mining illegal by verdverm on Wednesday August 04, 2021 @11:21PM (#28069458)

You are accepting the broadest possible application narrative.

The law is ambiguous so that interpretation and enforcement can evolve with a rapidly changing field. As always, the courts will weigh in on this eventually.

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Re:US infrastructure bill could make crypto mining illegal by teslafire124 on Thursday August 05, 2021 @11:02PM (#28082830)

Yes it is extremely broad. And as it is right now, the IRS could use it to go after crypto miners.

I think it's more likely that changes are made to that part of the bill to make it more specific before it reaches the courts.

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Re:US infrastructure bill could make crypto mining illegal by verdverm on Friday August 06, 2021 @12:03PM (#28089042)

It's more likely the SEC will go after entities the resemble "brokers"

Think things like Uniswap and a bunch of other Defi players.

They always put out literature on how to comply and give companies time to do so.

So they won't go after anyone as long as they abide by the laws

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