Crypto Industry Fights Back Against IRS Overreach on DeFi The cryptocurrency sector, backed by the Blockchain Association and Senator Ted Cruz, is rallying against a new IRS rule threatening to stifle decentralized finance (DeFi) innovation. This contentious regulation, quietly dropped during the holiday season, could drive DeFi development offshore and compromise U.S. leadership in blockchain […]
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Ted Cruz and Allies Challenge IRS Crypto Rule, Sparking Industry Debate Is the IRS about to kill the spirit of decentralized finance with its new rule? Senator Ted Cruz and allies think so. Ted Cruz challenges IRS crypto rule using CRA Rule requires decentralized exchanges to collect user data Crypto industry backlash and legal action […]
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Will Non-Fraud Cases Be Dropped Under New SEC Chair? Insights from Amanda Tuminelli Amanda Tuminelli, Chief Legal Officer at the Defi Education Fund, recently shared her insights on the Thinking Crypto podcast, discussing the IRS’s new tax reporting rule and its potential impact on the DeFi industry. The rule, finalized on December 27th, has sparked […]
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