Unveiling the Battle: US Lawmakers and White House Join Forces to Challenge IRS Regulations on DeFi Reporting

US lawmakers are preparing a Congressional Review Act (CRA) to challenge the Internal Revenue Service’s (IRS) broker rules that require DeFi participants to report user data to the agency. Republican Senator Ted Cruz is leading efforts to introduce the CRA, according to Fox Business reporter Eleanor Terrett. The initial vote was scheduled for March 5, […]