Coin Center executive director: New IRS crypto reporting rule ‘is not only unconstitutional but also virtually impossible to comply with’

Jerry Brito, the Executive Director of Coin Center, a non-profit organization dedicated to research, education, and advocacy in the cryptocurrency ecosystem, has expressed concerns over the difficulties crypto users may face in complying with a new IRS rule pertaining to reporting crypto transactions. In a post on Coin Center’s website, Brito revealed that his organization had filed a lawsuit against this rule in 2022; however, the case remains unresolved.