IRSLawsuit
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⚖️ Blockchain Organizations File Lawsuit Against the IRS
The Blockchain Association, the DeFi Education Fund, and the Texas Blockchain Council have filed a lawsuit against the U.S. Internal Revenue Service (IRS).
💼 Industry representatives are opposing the requirements for collecting user data and transaction details and sharing them with regulators.
Privacy violations threaten the healthy development of the entire DeFi sector.
The introduction of new requirements is scheduled for 2027.
#IRSLawsuit #IRSReporting #CryptoRegulation2025
The Blockchain Association, the DeFi Education Fund, and the Texas Blockchain Council have filed a lawsuit against the U.S. Internal Revenue Service (IRS).
💼 Industry representatives are opposing the requirements for collecting user data and transaction details and sharing them with regulators.
Privacy violations threaten the healthy development of the entire DeFi sector.
The introduction of new requirements is scheduled for 2027.
#IRSLawsuit #IRSReporting #CryptoRegulation2025
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