This article is about blockchain, trading, and technology news. Here’s the summary:

The U.S. Internal Revenue Service (IRS) has issued a new regulation that will subject decentralized exchanges to the same reporting requirements as traditional brokers. Uniswap’s chief legal officer Katherine Minarik believes the regulation will not last long and says it should be challenged legally. Uniswap CEO Hayden Adams hopes the regulation will be rejected under the Congressional Review Act.

The new regulation will go into effect in 2027 and will require brokers to report gross revenues from crypto sales. Koinly CEO Robin Singh says businesses in the DeFi space will need to make both operational and technical innovations to comply with these regulations. Consensys attorney Bill Hughes says the regulation is “all cost, no benefit.”

Share your thoughts in the comments. How will this regulation affect the industry?