Bipartisan Keep Innovation In America Act fixes the Horrendous Reporting Provisions of the Infrastructure Bill -- Time to ramp up our outreach to elected representatives

A bipartisan group of Congressional reps have introduced the Keep Innovation In America Act. Here is the actual text:

https://republicans-financialservices.house.gov/uploadedfiles/mhh_026_xml__signed.pdf

It fixes every flawed reporting provision of the Infrastructure Bill, and deserves broad support from the crypto community. If you are not American, you should still be supportive, because many countries will follow the lead of the US in this space.

Here is a sample letter that you could email to your local congressional rep and also to your two senators. It is best if you customize it a bit using your own language. But if you don't want to do that, feel welcome to just use it as is.

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Dear Representative ______ / Dear Senator ____________,

I strongly support the bipartisan Keep Innovation in America Act recently introduced by Representatives Tim Ryan and Patrick McHenry. This Act fixes certain provisions that were tucked into the Infrastructure Bill at the last moment that would be very damaging to America. The Keep Innovation in America Act limits the definition of a broker to any person who “stands ready in the ordinary course of a trade or business to effect sales of digital assets at the direction of their customers.” This would protect crypto miners, developers, and others who can't--and shouldn't--meet reporting requirements of a broker.

To be clear, everyone in the crypto industry agrees that folks should pay whatever taxes they owe. My objection is that the Infrastructure Bill treats everyone—even small businesses and individuals—as if they were financial institutions, and imposes obligations for which compliance is literally impossible.

Therefore, I urge you to publicly support the Keep Innovation in America Act. This is not the last you will hear about this issue, from me or from others. We are persistent. This affects the lives of millions of Americans. This fix would safeguard one of the largest growth engines the world has ever seen. Without this fix, massive wealth, jobs, and technology leadership would be forced out of America and into friendlier jurisdictions. This is an issue that resonates with the rising generations, who feel unheard, unacknowledged, and underappreciated. There is a considerable movement happening, and I urge you to be on the right side of history.

Respectfully,

___________________

Here is a link that will help you locate / contact your representatives:

https://www.usa.gov/elected-officials

Let's help these elderly politicians feel the energy and wrath of this young movement.