That's a very good point. The way to challenge it is to bring a lawsuit after the agency issues it's directive. 

Bell_curve

Zk2u

bitcoin

US Treasury and Federal Reserve plan to redefine 'money.'

hasherstacker

So I assume this means transacting in bitcoin will no longer be a taxable event? 😀

All kidding aside, this is almost certainly bad news. Increased regulation will scare away small, innovative development, and innocent activities will be banned. Privacy will be further eroded. 

Good morning! 