🇺🇸 Three organizations— @BlockchainAssn , @fund_defi , and @TXblockchain_ —have filed a lawsuit against the IRS over new "broker" rules they believe threaten the U.S. crypto industry. They argue the rules, which apply to decentralized finance and wallet providers, are unconstitutional and an overreach of authority.

The coalition claims these regulations could push innovation offshore and infringe on privacy rights. The IRS rules are set to take effect by 2027, and industry leaders have voiced strong opposition, anticipating that Congress may intervene. This legal challenge highlights the ongoing battle for crypto regulation in the U.S. ⚖️