Here are the reactions of crypto world leaders to the recently proposed crypto tax reporting rules:

⚫ Ryan Selkis (CEO of Messari): — The crypto industry will not flourish in the country if Biden secures re-election

⚫ Chris Perkins, (Chair of CoinFund VC): — “Other authority areas have taken the initiative and the US has sadly lagged behind" — "We need proactive, nuanced policies that foster and unlock responsible innovation in crypto sectors" - "One way or another, clarity is coming"

⚫ Kristin Smith (CEO of Blockchain Association) : — Reservations held about combining digital asset reporting with traditional assets

⚫ Michael Sonnenshein (CEO of Grayscale Investments): — Constant recourse to enforcement actions will push crypto firms out of the country

⚫ Brad Garlinghouse (CEO of Ripple): — Crypto industry slower compared to other countries, crypto is moving away from the US due to the regulatory process...