Why Late Amendment to US Infrastructure Bill is Disastrous For Defi Market?

The crypto taxation proposal in the US Infrastructure Bill has met with a huge uproar from the crypto community. A last-minute amendment proposed by Sen. Rob Portman and Mark Warner only exclude Proof-Of-Work validators and developers from the “impossible” crypto tax reporting measures. This could in turn prove disastrous for the Proof-Of-Stake cryptocurrencies and especially the Defi market.