U.S. Blockchain Association sues IRS over new digital asset reporting rules

PANews reported on December 31 that according to Cointelegraph, the U.S. Internal Revenue Service (IRS) issued new regulations requiring digital asset platforms, including decentralized exchanges (DEX), to disclose user transaction information and crypto asset sales revenue starting in 2027. The Blockchain Association and the Texas Blockchain Commission filed a lawsuit, claiming that the rule is unconstitutional and violates the Administrative Procedure Act, which may have a serious impact on the U.S. digital asset sector.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Gate and Alpaca form strategic partnership to accelerate the integration of digital assets with traditional finance.
PANews Newsflash