Crypto activists are voicing strong opposition to new U.S. Treasury and IRS regulations requiring decentralized finance (DeFi) brokers to report gross sales. The rules, aimed at increasing tax compliance in the crypto sector, have sparked significant backlash, with critics labeling the move as a last-ditch effort by the Biden administration to stifle the growing crypto industry ahead of potential pro-crypto leadership. Opponents argue that these measures undermine DeFi's decentralized principles and place undue burdens on innovators and investors, potentially driving crypto activity offshore. The debate highlights the ongoing tensions between regulatory authorities and the rapidly evolving digital asset ecosystem.

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