According to Wu, Michele Korver, head of regulatory affairs at a16z Crypto, tweeted that the U.S. Treasury Department released new broker reporting rules yesterday, posing a direct threat to the vision of DeFi and undermining the future of DeFi innovation in the U.S. a16z Crypto supports the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council in filing a lawsuit, as the IRS and Treasury have exceeded their statutory authority, violating the Administrative Procedure Act (APA) and being unconstitutional. DeFi builders should have confidence that industry lawyers are working hard to protect this technology.