We Need To Get Out In Front of The Infrastructure Bill Happening 9/20

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We need to kill this bill, or force them to amend it by flooding congress with calls like we did the first time.

There are numerous things in this they are doing to hurt our industry

• -Massive short term capital gain hikes
• -ending qualified small business stock tax exemptions
• -600 dollar withdrawal surveillance by the IRS on most bank accounts
• -Not exempting non vasp actors, defi, miners, or validators as we know
• -IRS reports on 10,000 usd withdrawal from crypto exchanges
• -an effective rate of nearly 61% in NYC and La. Forcing a 3.8 % surcharge for medicare and obama care onto traders and investors as well.
• -Wash Trade Tax Treatment - this is huge guys. Stock traders have to acquire tax trader status or risk being tax on capital gains and capital losses. This means they want us to pay double taxes upfront essentially, and roll capital loss tax forward as a rebate to the next year. This is extremely burdensom and dangerous and will catch DeFi and normal traders off guard. No CME future contract currently quialifies for 1256 protection as a future from this either, no bitmex, none of it, it all gets hit with wash trading rules unless the IRS distinguishes 1256 protection. This will lead to mass audits, it is extremely tough to prove tax trader status, and easy to be audited. This is devastating for high volume traders with high gross losses and narrow margins.