Techub News Report: The Blockchain Association, a U.S. blockchain advocacy organization, has announced that it has filed a lawsuit against the U.S. Internal Revenue Service (IRS) in the Northern District of Texas, along with the DeFi Education Fund and the Texas Blockchain Council, challenging the IRS's broker rules. The lawsuit claims that the rule-making exceeded the agency's statutory authority, violated the Administrative Procedure Act (APA), and is unconstitutional.

Techub News previously reported that the IRS finalized tax regulations requiring 'DeFi brokers' to collect user transaction information.