A new law made by President Biden and other politicians says that people who work with cryptocurrency, like exchanges and custodians, have to tell the government if someone sends or receives more than $10,000 worth of crypto. They also have to give the government personal information about those people. This was supposed to start in January 2023, but it will actually begin in 2024. Some people who work with cryptocurrency are worried because this might be hard for them and for regular users to follow the law without getting into trouble. They also think that some parts of the law are confusing or don't make sense. Read from source...

- The article is written from a negative perspective and uses terms like "imposes", "compels", "concerns", "difficulties", "risk", "incurring felony charges" to create fear and uncertainty among the readers. This is a common rhetorical device used by some media outlets to manipulate public opinion and influence policy decisions.
- The article does not provide any objective or factual information about the infrastructure legislation, its purpose, benefits, or impact on the economy, society, or environment. It only focuses on the potential challenges and drawbacks for crypto users and exchanges, without acknowledging any positive aspects or potential solutions.
- The article quotes only one source, Jerry Brito, who is a vocal critic of the IRS reporting requirement and has a vested interest in promoting cryptocurrency as a form of decentralized money that does not require government oversight or regulation. He is also the executive director of Coin Center, an organization that advocates for the interests of the crypto industry and receives funding from various donors, some of whom may have conflicts of interest.
- The article uses hypothetical scenarios and vague terms to illustrate the complexity and ambiguity of the IRS reporting requirement, without providing any clear or definitive answers. It also raises questions that are irrelevant or misleading for the average reader, such as who should report block rewards from mining or decentralized exchanges, and how to measure the value of cryptocurrencies in dollars. These questions are not new or specific to the IRS reporting requirement, but rather reflect the inherent nature of cryptocurrency transactions that involve multiple parties, networks, and protocols that do not have a fixed or uniform denominator.