The US government is targeting crypto frontends, which have long been the industry’s achilles heel. But there’s a better way: end-to-end permissionless infrastructure.

The IRS & Treasury announced new crypto regs expanding reporting requirements to non-custodial front-end providers, creating confusion and uncertainty for developers.

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cofounder & coo @EarthFast. building in crypto ⚒️

Future efforts must change this paradigm.

I’m excited to be working on @earthfast to build permissionless infrastructure and enable decentralized, community run frontends.

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Decentralization is about more than tech – it’s about preserving transparency, accessibility, and self-sovereignty in an evolving regulatory landscape.

Thanks to those working to ensure responsible regulation that doesn’t hinder innovation, esp CoinCenter and the BlockchainAssociation.

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Disclaimer – I’m not a lawyer, and this isn’t legal advice.

Read full IRS announcement at https://public-inspection.federalregister.gov/2024-30496.pdf

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Historical crypto efforts have been focused on the data layer ie blockchains.

The industry has struggled with frontend decentralization, relying on centralized gateways or compromising on user experience.

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