🚨 Controversy Erupts Over New IRS Regulations! The IRS requires crypto platforms to report digital asset transaction information starting in 2027, leading to legal challenges from the Blockchain Association and the Texas Blockchain Association. They argue that this move violates the Administrative Procedure Act and could have negative impacts on the U.S. crypto and DeFi industries. Blockchain Association CEO Kristin Smith stated that the lawsuit aims to protect the interests of innovators. What do you think about this? Feel free to share your thoughts in the comments! 💬 #Blockchain #Cryptocurrency #DeFi