Coindesk
6 months ago'We're Not Asking for Special Treatment': Coin Center on the Proposed IRS Broker Rules
The IRS broker rule, which expands the definition of a broker to encompass anything that touches code in crypto, has been widely criticized as overbroad and a violation of civil liberties.
Coin Center argues that the broker rule is impossible to comply with and could have devastating consequences for the crypto industry.
Over 120,000 public comments have been filed in response to the proposed rule, with many expressing concern and opposition. [ more ]