Lawmakers are pushing back on a Biden administration rule redefining decentralized finance participants as “brokers,” warning it risks stifling U.S. cryptocurrency innovation and driving it overseas. Biden’s Crypto Rule Sparks Backlash: Will It Push Blockchain Innovation Overseas? U.S. Senator Ted Cruz (R-Texas) and Representative Mike Carey (R-Ohio) have introduced a joint resolution aimed at overturning […]
Source: https://news.bitcoin.com/us-lawmakers-unite-to-block-irs-rule-threatening-defi-and-crypto-innovation/
US Lawmakers Unite to Block IRS Rule Threatening Defi and Crypto Innovation
