The Biden administration’s intentions to crack down on illicit activities across the blockchain-powered digital asset space are no secret—but they are facing judicial pushback.

Recently, Coin Center, a nonprofit that focuses on policy related to cryptocurrency, filed a lawsuit against the U.S. Treasury Department and the Internal Revenue Service (IRS) claiming that a new reporting requirement in the $1.2 trillion Infrastructure Investment and Jobs Act passed in November 2021 is “unconstitutional.”

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