IRS DeFi Broker Rule Placed “Impossible Burden” on Developers
Reading Time: 2 minutesThe U.S. House of Representatives has voted to overturn the Internal Revenue Service's (IRS) DeFi broker rule The rule would have imposed reporting requirements on decentralized finance (DeFi) platforms Lawmakers argue the rule would have placed an “impossible burden” on developers The planned IRS rule change on Decentralized Finance (DeFi) exchanges would have “placed impossible burdens on software developers,' according to a lawmaker who voted the bill down yesterday.
Reading Time: 2 minutesThe U.S. House of Representatives has voted to overturn the Internal Revenue Service's (IRS) DeFi broker rule The rule would have imposed reporting requirements on decentralized finance (DeFi) platforms Lawmakers argue the rule would have placed an “impossible burden” on developers The planned IRS rule change on Decentralized Finance (DeFi) exchanges would have “placed impossible burdens on software developers,' according to a lawmaker who voted the bill down yesterday. What's Your Reaction?
