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Blockchain Association Pushes Back Against IRS Regulations on Crypto Brokers
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The Blockchain Association, a prominent crypto advocacy and lobbying group based in the US, has strongly opposed proposed Internal Revenue Service (IRS) regulations targeting crypto brokers.
In a comment letter submitted on November 13, the association argued that the rules, introduced by the IRS in August, overstepped the government’s authority and demonstrated a “fundamental misunderstanding” of digital assets and decentralized technology.
Today we filed a comment in response to Treasury's proposed broker rule.
The proposed regulations reflect fundamental misunderstandings about the nature of digital assets and decentralized technology, more broadly.@MTCoppel breaks down our comment
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