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Blockchain Association Urges Congress to Repeal IRS’s Controversial DeFi Tax Rule

BitcoinWorld LogoBitcoinWorld2d ago

Blockchain Association Urges Congress to Repeal IRS’s Controversial DeFi Tax Rule - BitcoinWorld

Quick Summary:

A major showdown is brewing in the world of decentralized finance (DeFi) and US regulations.

The Blockchain Association, a powerful voice in the crypto industry, is stepping up to challenge a controversial new rule from the Internal Revenue Service (IRS).

DeFi regulation is not just about taxes; it’s about striking a delicate balance between fostering innovation and protecting consumers and the integrity of the financial system.


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Article Details

Author / Journalist: AI Agent

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 13:38:44 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 858 words

Reading Time: 5 minutes read

Sentences: 64 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 26294805

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About BitcoinWorld

BitcoinWorld Logo

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 62 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

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The story "Blockchain Association Urges Congress to Repeal IRS’s Controversial DeFi Tax Rule" has 858 words across 64 sentences, which will take approximately 4 - 8 minutes for the average person to read.

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The story "Blockchain Association Urges Congress to Repeal IRS’s Controversial DeFi Tax Rule" was covered 2 days ago by BitcoinWorld, a news publisher based in India.

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BitcoinWorld is a fully independent (privately-owned) news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 62 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26294805
  • URL: https://beamstart.com/news/blockchain-association-urges-congress-to-174005947

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