Odaily Planet Daily News: The U.S. Department of the Treasury and the Internal Revenue Service have finalized tax reporting requirements for specific cryptocurrency brokers (RIN 1545-BR39, TD 10021). In response, Bill Hughes, Senior Legal Advisor and Global Head of Regulatory Affairs at Consensys, stated that the rule may face challenges in court and Congress. He explained, 'First, there may be lawsuits filed against the relevant requirements, claiming that the rule exceeds the authority of the U.S. Department of the Treasury and violates the Administrative Procedure Act; subsequently, the rule may undergo review by the U.S. Congress and could potentially be rejected, similar to the vote on SAB 121 this year.' (TheBlock)