Foresight News reports that a16z's regulatory head Michele Korver tweeted, "a16z Crypto believes that DeFi will make financial services and the digital economy more convenient, efficient, interoperable, reliable, and consumer-centric. However, yesterday the U.S. Treasury Department released new broker reporting rules, which pose a direct threat to this commitment and undermine the future of DeFi innovation in the U.S. a16z Crypto supports the lawsuit filed by the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council, as the IRS and Treasury have exceeded their statutory authority, violated the Administrative Procedure Act (APA), and are unconstitutional. DeFi builders should have confidence 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."