📣Crypto world, grab your popcorn! 🍿 The Blockchain Association is back at it, challenging the IRS's proposed broker-dealer rules. They claim these rules would bring a paperwork tsunami, with 8 billion tax forms and 4 billion hours of labor wasted, costing a whopping $254 billion annually! 😱 They argue this is a bit much for a market with a tax gap of just $10 billion. The Association's letter also highlights the government's "fundamental misunderstandings" about crypto and DeFi. What do you think? Is the IRS out of touch? Let's discuss below! 👇