According to PANews, a16z Crypto's regulatory head Michele Korver stated on the X platform that the new broker reporting 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 overstepped their authority, violating the Administrative Procedure Act and being unconstitutional.
Korver emphasizes that DeFi builders should have confidence, and industry lawyers are working to protect the technology, while a16z Crypto will continue to fight in the courts, Congress, and administrative agencies.
