In late summer, 2021 a proposed infrastructure bill, "raised a flurry of concerns for the Bitcoin community and the larger digital asset space". In the proposed bill, language such as "digital assets" and "brokers" and the way they were defined was what caused most of the concern. With the way the terms were at first defined, the digital community knew that compliance with the new reporting obligations would be impossible.
In an article co-authored by Joe Carlasare and published by Bitcoin Magazine he breaks down the draft and problem language in the proposed legislation and makes it clear why the Bitcoin community needs to stay engaged politically.
Read the full article, "To Fix Dangerous Infrastructure Bill, Bitcoiners Must Engage," here.