Industry advocacy organization Coin Center has sued the Treasury and IRS over an unconstitutional tax reporting requirement for cryptocurrency holders.

The complaint concerns an amendment to the Infrastructure Investments and Employment Law passed in the summer of 2021. It obliges natural and legal persons who transact in cryptocurrency worth $10,000 or more to report to the authorities not only the sender’s name, but also the date of birth and social security number.

The amendment also includes NFT vendors and nonprofits that receive anonymous donations.

The Coin Center claims that the requirement “give the government an unprecedented level of transaction detail that goes far beyond its mandate.”

“If the amendment is allowed to take effect, it will initiate a regime of mass surveillance of ordinary Americans,” the lawsuit says.

The organization added that they aim to protect people’s rights to “privately use cryptocurrency networks.”

Recall that in April the Coin Center called the initiative unconstitutional. SEC change the term “change”.

In March, members of the organization recommended FinCEN Cryptocurrency transaction regulations “threaten innovation and privacy”.