🚨New IRS regulations in the U.S. spark controversy! The IRS requires cryptocurrency 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. cryptocurrency and DeFi industries. Blockchain Association CEO Kristin Smith stated that the lawsuit is aimed at protecting the interests of innovators. What are your thoughts on this? Feel free to share your views in the comments!💬 #Blockchain #Cryptocurrency #DeFi