PANews December 29 news, according to Cointelegraph, the recent report rules released by the U.S. Internal Revenue Service (IRS) designate the front end of decentralized finance (DeFi) as brokers, which has impacted the crypto industry. Alex Thorn, head of research at Galaxy Digital, outlined three potential options for DeFi if the IRS rules are not rescinded: DeFi services and applications can comply with IRS reporting requirements and accept the broker designation, attempt to block users from the U.S., or abandon smart contract upgrades and revenue generation.