Michelle Korver from A16z Crypto spoke out against the new broker reporting rules from the U.S. Treasury and IRS. She believes that this threatens innovation in decentralized finance (DeFi) in the U.S. 🚀

A16z supports the lawsuit against these rules, arguing that they impose excessive obligations on DeFi and could stifle innovation, forcing companies to move abroad. ⚖️

Lawyers and lawmakers are working on protecting DeFi to preserve its transformative potential.