🚀 Breaking news from the IRS sends the crypto community into a frenzy! The new regulations treating DeFi services as brokers have sparked significant controversy. Alex Thorn from Galaxy Digital presents 3 options for DeFi: comply, block U.S. users, or stop upgrading smart contracts.

- Extremely decentralized DeFi applications may not need to comply with regulations.

- Industry advocacy groups have sued the IRS over this regulation.

- The regulation is expected to take effect in 2027 but is facing strong opposition.

What do you think about this move by the IRS? Share your thoughts! 💬 #CryptoNews #DeFi #IRS