Uniswap CLO says IRS DeFi broker rules ‘absolutely should be challenged’
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2024-12-28 13:32 5,474
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Golden Finance reports that cryptocurrency industry executives and legal professionals have expressed doubts about the long-term sustainability of new U.S. Internal Revenue Service (IRS) regulations that require decentralized exchanges to comply with the same reporting requirements as traditional brokers.
“There are many ways to challenge this, and it absolutely should be challenged,” Katherine Minarik, chief legal officer of decentralized cryptocurrency exchange Uniswap, said in a Dec. 27 X post.