????????The crypto tax portion of the infrastructure bill up for vote in the US Senate today is a lot more insidious than it sounds. It's a threat to DeFi's future.

The big bill up to be passed today may require protocol devs and validators to report certain identifying information about their users to the US government.

The only way that can happen is that protocol devs and validators, etc will have to collect identifying information from all their users. This is antithetical to DeFi and will probably push a lot of DeFi development outside the US (and probably to countries not friendly to the US).

You know how great it is to just hop onto your favorite DeFi app and perform a transaction without having an account? This is at risk. This is step one to dismantling DeFi.

Please reach out to your senator and tell them to vote for the Wyden-Lummis amendment to this bill which would exclude devs and validators.