The non-profit human rights organization Coin Center filed a lawsuit against the US Department of the Treasury. According to the group’s representatives, the Infrastructure Investment and Jobs Act violates civil rights and leads to spying for the benefit of the government.
Coin Center is a human rights and research center that advocates sound public policy on decentralized finance. One of the key tasks of the organization is the protection of digital civil rights, for which trial is the tool.
The fight against unconstitutional financial supervision
According to Coin Center, the law contains ineffective and unconstitutional provisions. In particular, this concerns an amendment 6050I. It requires individuals and businesses that receive the equivalent of $10,000 or more in cryptocurrency to provide the government with detailed information about the sender, such as name, date of birth, and social security number.
The organization believes that forcing parties involved in the transaction, without involving banks or other intermediaries, to transfer confidential information is unconstitutional. The only grounds for performing such actions may be the existence of reasonable suspicions about the sender and recipient. However, in this case, the government must prove to the court the need to check the personal documents of the participants.
Another implicit threat of amendment 6050I concerns civil-rights organizations, including the Coin Center. So, the government can be guided by it, requiring initiative groups to provide lists of participants.
To date, two co-claimants have been involved in the case - Lexington Bitcoin Consulting CEO Dan Carman and Raymond Walsh, representing Quiet Industries. Also, all interested activists, who will thoroughly study the case materials and be approved by the Coin Center, can act as co-claimants.