Post by Cipher

#nostr #bitcoin #irs 🚨 IRS uploads finalized 'broker rule' for digital assets to the Federal Register for publishing on Dec. 30, 2024 as part of a friday dump this rule is extremely burdensome and i'd guess this will be put to a Congressional Review Act (CRA) process in the next Congress www.cooley.com/news/insight/2024/2024-07-11-treasury-department-irs-issue-final-regulations-and-transitional-guidance-for-digital-asset-brokers public-inspection.federalregister.gov/2024-30496.pdf
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((All copied from Seth for Privacy)). Merry Christmas from the IRS and Dep. of Treasury! Looks like they're trying to kill US-based DeFi integrations in one fell swoop, but a lot more reading left for me in this 115 page behemoth.
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