IRS Faces Legal Pushback Over New DeFi Compliance Rules

Three prominent pro-crypto groups — the Blockchain Association, DeFi Education Fund, and the Texas Blockchain Council — have initiated legal action against the US Internal Revenue Service (IRS). The lawsuit challenges the IRS and Treasury Department’s recent decision to categorize decentralized finance (DeFi) platforms as brokers, a ruling that has sparked significant controversy within the... source: https://beincrypto.com/irs-defi-regulations-spark-backlash/