IRS DeFi Broker Rule Sparks Backlash: Crypto Experts Weigh In ⚖️
The Biden administration's recent IRS regulations classify certain DeFi protocols as brokers, causing widespread criticism within the crypto community. This move has provoked industry leaders to push for a repeal by the incoming Congress, voicing concerns over the potential disruption and negative impact on decentralized finance innovations and operations.
As these regulations continue to attract scrutiny, crypto experts are evaluating the implications for DeFi protocols and their users. The crypto industry sees these rules as an overreach that could hinder its growth.
Ушуга окшош макалалар (11)
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Industry groups sue to stop IRS from collecting user info from DeFi front-ends
Crypto Industry Asks Congress to Scrap IRS's DeFi Broker Rule
Crypto firms rally behind Ted Cruz to block DeFi broker rule
DeFi Education Fund Challenges IRS New Tax Rules in Court
IRS Faces Legal Pushback Over New DeFi Compliance Rules
DeFi Education Fund Sues US IRS Over Controversial Tax Rules
Industry Groups Sue IRS Over New KYC 'Broker Rules' for 'DeFi Front-End Services'
DeFi Fund Takes IRS to Court Over Tax Rules
US Lawmakers Unite to Block IRS Rule Threatening Defi and Crypto Innovation
Crypto Advocacy Groups Challenge IRS Classification of DeFi Platforms as Brokers Amid Regulatory Controversy