The latest rules released by the U.S. Treasury Department require DeFi participants to pay attention! 🎉 According to the new regulations, certain decentralized finance brokers will be required to report the total proceeds from digital asset sales just like traditional securities brokers. This means that DeFi brokers need to collect user transaction information and send them 1099 forms. These forms are used to report non-wage income, and now participants in the DeFi industry must also disclose the name and address of each customer. While this has a certain impact on the market, Bitcoin still maintains an optimistic stance in the cryptocurrency world! 🚀