📊 The U.S. IRS has issued new regulations for DeFi companies, requiring them to collect and report customer and transaction information.

⚠️ There is concern about how this could stifle innovation and competitiveness. Lawyer Jake Chervinsky describes it as an "illegal" measure. 🌐 In the long term, the industry fears that these rules will push DeFi companies out of the U.S., affecting their global competitiveness. However, the government argues that it promotes tax fairness and helps meet legal obligations.