The Blockchain Association has once again voiced its opposition to the IRS's proposed broker-dealer rules, citing concerns over the excessive burden they would impose on investors, crypto companies, and the IRS itself. The Association argues that the rules would add 8 billion 1099-DA tax forms to be processed, waste 4 billion hours in labor, and cost $254 billion annually in compliance. These figures starkly contrast with the IRS's initial estimates of 0.15 hours per customer and a total compliance cost of $136,350,000. The Association deems the $245 billion annual compliance cost unreasonable for a market with a tax gap of only $10 billion.