A federal court on Wednesday rejected a series of constitutional challenges to a new requirement for businesses to report cryptocurrency transactions worth more than $10,000.
The US District Court for the Eastern District of Kentucky dismissed the case for lack of jurisdiction, determining that several of the claims were not ripe for decision.
coin centera nonprofit organization that focuses on public policy issues affecting digital asset technologies, filed the lawsuit along with two regular cryptocurrency users and a company that validates Bitcoin transactions through a process known as "mining."
Congress created the requirement by expanding the definition of "cash"...
