Crypto industry calls on Congress to block new DeFi broker rules
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Democratic sweep of Congress forces crypto industry to rethink Washington strategy
After two years of a pro-crypto, pro-innovation climate in Washington, the digital asset industry faces a sharp political jolt.
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