According to PANews, a16z Crypto's regulatory head, Michele Korver, stated on the X platform that the new broker report rules from the Treasury threaten DeFi innovation.
a16z Crypto supports organizations like the Blockchain Association in filing lawsuits, arguing that the IRS and the Treasury have exceeded their authority, violated the Administrative Procedure Act, and acted unconstitutionally.
Korver emphasizes that DeFi builders should have confidence, as industry lawyers are working to protect the technology, and a16z Crypto will continue to fight in the courts, Congress, and the executive branch.
