You might truly find this hilarious, but to me it looks very grim.  Americans are already taxed to death (which is why very few people can attain wealth and preserve it), and they're going after wallet providers with this idiotic piece of legislation with ignorance combined with great power, and that's a disastrous combination.

Hopefully this shit never comes to fruition, but with the government's microscope so focused on crypto as of late, one never knows what's going to happen.