According to Cointelegraph, in order to prevent cryptocurrency users from evading taxes, the US government proposed that brokers comply with new rules for selling and trading digital assets, and a new form will be used to simplify the tax filing process. Many people in the crypto community believe that strict rules will further move the crypto industry away from the United States. Messari CEO Ryan Selkis believes that if Biden is re-elected as US President, the crypto industry will not flourish in the United States. Chris Perkins, president of CoinFund, said that other countries are already ahead of the United States, and these rules will inevitably lead to fewer innovative projects entering the US market. He believes that instead of taking harsh crackdowns, it is better to formulate simple and detailed rules to support innovation in the crypto industry.