BlockBeats News, December 28, the cryptocurrency lobbying group Blockchain Association announced that a lawsuit has been filed against the new 'broker' related regulations enacted by the IRS and the Department of the Treasury. The IRS and the Treasury have exceeded their statutory authority, violated the Administrative Procedure Act, and are unconstitutional. They have expanded the definition of 'broker' to include providers at the frontend of DeFi transactions, even though they do not execute trades. This not only infringes on the privacy rights of individuals using decentralized technology but also pushes the entire thriving technology overseas, stifling innovation and burdening American entrepreneurs.