Golden Finance reported that a16z Crypto supervisor Michele Korver posted on the X platform: "We at a16z Crypto believe that DeFi will make financial services and the digital economy more convenient, efficient, interoperable, reliable, and consumer-centric. However, yesterday The U.S. Treasury Department has issued new broker reporting rules that pose a direct threat to this commitment and undermine the future of DeFi innovation in the United States. We at a16z Crypto support the Blockchain Association, DeFi Education. Fund, Texas Blockchain Council filed suit because the IRS and Treasury Department have exceeded their legal authority, violated the Administrative Procedure Act (APA), and are unconstitutional. DeFi builders should have confidence that industry lawyers are working hard to protect the technology. We will continue to fight on all fronts - in the courts, with the help of Congress and the new administration."