HawkInsight

  • Contact Us
  • App
  • English

US Senator Lummis: IRS rules on DeFi fundamentally misunderstand how decentralized technology works "

Internet reports that U.S. crypto-friendly Senator Cynthia Lummis forwarded the news that "the White House will support CRA to revoke the DeFi broker rule" and said,"The Internal Revenue Service (IRS) regulations on DeFi fundamentally misunderstand how decentralized technology works. Wyoming has always been at the forefront of responsible digital asset regulation, and I have witnessed first-hand how regulatory clarity-not over-regulation-can promote innovation. These tough federal rules could push U.S. crypto entrepreneurs overseas at a time when we should be cultivating the industry domestically. It's an honor to work with Senator Ted Cruz to undo this attack on the crypto community."

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More