Tell Treasury: Don't mandate mass surveillance of crypto
Treasury and IRS
Two years after the Infrastructure Investment and Jobs Act (IIJA) passed amidst backlash from the public, the US Treasury Department and the Internal Revenue Service (IRS) are proposing regulation for its implementation that would mandate mass surveillance of digital assets. This is likely unconstitutional and would be a massive blow to human rights.
We have until October 30 to speak out on the danger of this proposed rule.
Sponsored by
To:
Treasury and IRS
From:
[Your Name]
To the U.S.Department of the Treasury and Internal Revenue Service,
I am writing about your proposed regulations on the sale and exchange of digital assets by brokers. While I understand the need for regulation to crack down on tax cheats and help law-abiding taxpayers know how much they owe on the sale or exchange of digital assets, the resulting financial surveillance of this policy is a violation of my human rights. This rule requires the tracking and collection of unnecessary information on people who are legally participating in the crypto-economy while having little-to-no impact on bad actors. Software developers exploring this technology and creating privacy-protecting tools should not have to aid government surveillance under the threat of being shut down. Don’t mandate mass surveillance and undermine privacy-protecting technologies. Instead, we need regulations that protect users and make digital assets a safe alternative to Big Banks and Big Tech.