Golden Finance reported that the U.S. cryptocurrency lobby group (Blockchain Association) issued a document stating that it has filed a lawsuit against the new "broker" regulations passed by the IRS and the Treasury Department. The IRS and Treasury Department have exceeded their statutory authority and expanded the definition of “broker” to include providers of DeFi trading front-ends, even though they do not execute trades. This not only violates the privacy rights of individuals using decentralized technology, but also pushes emerging technologies overseas.