hallmark of poorly thought out policy is throwing up hands and defaulting to “uh i don’t know, increase surveillance by 10000x?”
if they’re worried about accuracy in self reporting, why don’t they just require you to file transaction hashes? the blockchain is the universal and incorruptible reporter.
or better yet, ZKPs
the fact that these proposals don’t actually propose things that would help the stated goals (tax compliance, etc) and instead introduce a bunch of insane impossible-to-comply-with rules and vast expansions of the administrative state tells you something
looking forward to the next decade of scotus squishing this stuff like bugs on APA+constitutional law grounds
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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