🚀DeFi & Web3 enthusiasts, unite! Coinbase's Chief Legal Officer, Paul Grewal, calls for action against the US Treasury's proposed crypto tax reporting rules, which he believes could set a "dangerous precedent for surveillance." 😱

Grewal warns that these regulations may place digital assets at a disadvantage and harm the nascent industry. The US Treasury, however, claims the new form would streamline tax filing. 📄

What do you think? Are these regulations a necessary step for crypto's mainstream adoption, or a threat to our beloved decentralized world? 🌐 Let's discuss in the comments! 💬 #DeFi #Web3 #CryptoTax