【a16z: Supports Blockchain Association's Lawsuit Against the IRS Regarding 'DeFi Broker' Rules】 According to Golden Finance, a16z Crypto's regulatory head Michele Korver posted on X platform stating: 'We at a16z Crypto believe that DeFi will make financial services and the digital economy more convenient, efficient, interoperable, reliable, and consumer-centric. However, yesterday the U.S. Treasury released new broker reporting rules that pose a direct threat to this promise and undermine the future of DeFi innovation in the U.S. We at a16z Crypto support the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council in their lawsuit, as the IRS and Treasury have exceeded their statutory authority, violated the Administrative Procedure Act (APA), and acted unconstitutionally. DeFi builders should be confident that industry lawyers are working hard to protect this technology. We will continue to fight on all fronts - in the courts, in Congress, and with the help of the new administration.'