【Blockchain Association Sues IRS Over Digital Asset Reporting Rules】Jinse Finance reports that the IRS recently issued new regulations requiring crypto platforms (including decentralized exchanges) to report digital asset transaction information, and stipulating that starting in 2027, platforms must disclose taxpayer information and sales revenue related to digital asset transactions. In response, the Blockchain Association and the Texas Blockchain Association have jointly sued the IRS, arguing that the rule violates the Administrative Procedure Act and could negatively impact the U.S. crypto and decentralized finance (DeFi) industry. Blockchain Association CEO Kristin Smith stated that the lawsuit aims to protect the future of the U.S. crypto industry and support the interests of innovators.