💭 DeFi World Outpouring: What Happened to This Regulation? 💭
Honestly, I'm a bit worried about the IRS and US Treasury's move to issue this new regulation. The DeFi platforms that we have relied on so far are arguably under serious threat, because now they are seen as brokers who are required to report all transactions and tax data. 😓
After all, one of the main attractions of DeFi is freedom and decentralization, right? If DeFi platforms have to follow this regulation, will our innovation be hampered? 😔
The lawsuit from a16z and his friends might be the only way to save this sector. We need clear regulations, but we also need to be able to maintain the spirit of innovation and freedom in the crypto world. 🚀
So, are DeFi tokens ready to face these changing rules? 🤔