Crypto industry calls on Congress to block new DeFi broker rules
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules.
![Crypto industry calls on Congress to block new DeFi broker rules](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5NDA5Y2MtOTM5YS03NjQ1LWI4NTYtOGU4MWE2ODIwYjk4.jpg?#)
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules.
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