Reply To: Banks trying to kill decentralized finance (DEFI) with help of IRS

Homepage Forums 4. Regulators Regulations Banks trying to kill decentralized finance (DEFI) with help of IRS Reply To: Banks trying to kill decentralized finance (DEFI) with help of IRS


Leo Popik
Keymaster

Matt, thanks for bringing to our attention this provision of the new Infrastructure Bill that Congress just passed. This could be a massive game changer for crypto globally. You’re right to point out that the blockchain community will surely try to fight this. We’re in for an epic battle. We knew this was going to happen and it was just a matter of time before the US government started interfering more in the crypto economy. I don’t yet have an informed opinion on whether or not the new provision is good or bad, but would love to read the exchange between those that want to weigh in.

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