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Consensys, a blockchain software provider, has requested the IRS to postpone the implementation of new crypto reporting regulations due to lack of clarity and compliance time. Other entities like Blockchain Association and DEF have also submitted comments against the IRS's proposed broker rule, citing issues with paperwork reduction and regulatory compliance.
DEF joining @BlockchainAssn in submitting a Paperwork Reduction Act supplement to their crypto broker reporting comments 👏👏👏 https://t.co/ejdWa8Hvo1
Today, DEF submitted a comment letter arguing the IRS's proposed broker rule violates the Paperwork Reduction Act. Our very own @LazPieper breaks down what's in our letter 👇 https://t.co/CIXQsabxPF
We, @fund_defi, have submitted a comment letter in response to the IRS's proposed information collection under their proposed broker rule from August of last year. We argue that if finalized in their current form, the proposed regulations would prevent the IRS from adhering to…
