Blockchain Association Says Proposed Broker Rule Will Drive US-Based DeFi out of Existence

The Blockchain Association, a pro-crypto lobbying group, says new proposed crypto regulations from the U.S. Department of the Treasury will destroy the domestic decentralized finance (DeFi) sector. In August, the Treasury Department and the Internal Revenue Service (IRS) rolled out a new proposal that would lay out new reporting requirements for “crypto brokers.” Crypto broker The post Blockchain Association Says Proposed Broker Rule Will Drive US-Based DeFi out of Existence appeared first on The Daily Hodl .