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  • Founding Coin Center Chief Jerry Brito Stepping Down After Decade
  • Crypto

Founding Coin Center Chief Jerry Brito Stepping Down After Decade

cryptovert October 1, 2024 1 min read

“Our
goal
at
the
outset
was
to
secure
time
for
Bitcoin
to
reach
‘escape
velocity,’
and
on
that
score,
I
think
we
succeeded,”
Brito
wrote.
“The
struggle
is
not
over
yet,
though.”

The
top
Coin
Center
officials
leave
as
the
organization
is
still
fighting
the
Internal
Revenue
Service’s
effort
to
institute
crypto
tax
reporting
rules.
The
change
to
the
U.S.
tax
code
–
coming
from
2021’s
Infrastructure
Investments
and
Jobs
Act
–
would
demand
that
crypto
users
exchanging
digital
assets
worth
more
than
$10,000
gather
and
share
information
that
includes
real
names,
Social
Security
numbers
and
addresses.
Coin
Center
first
filed
a
lawsuit
in
2022
challenging
its
constitutionality
and
is
still
arguing
it
amounts
to
“overbearing
surveillance.”
A
judge
in
the
U.S.
Court
of
Appeals
for
the
Sixth
Circuit

gave
the
case
a
second
shot

last
month
after
it
had
been
dismissed
earlier.

Continue Reading

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