Three leading blockchain organizations have filed a lawsuit against the IRS's new broker reporting requirements.

- The rules could severely impact the DeFi sector in the U.S.

- The lawsuit was filed in the Northern District of Texas.

- The organizations believe that the IRS has overstepped its authority by broadening the definition of "broker."

- This could force technologies to move abroad, threatening the competitiveness of the U.S.

🤔 How will this affect the market?