New DeFi broker reporting regs are out. They are ass. Everything is pinned on "front end" providers for information reporting.
— Alex Golubitsky (@DumbApe69420) December 27, 2024
As much as I want to dig into these and start formulating strategies to deal with them, it seems really unlikely they will ever go into effect, givenβ¦
Lots of bitching about ruined holidays.
Does the IRS do anything but ruin people's holiday's (and every other day)? π
β Hermes Psychopomp, JD. (@Cypherpunk69) December 27, 2024
IRS TARGETS FRONT ENDS IN FINAL CRYPTO BROKER REPORTING REGS
β CryptoTaxGuy.ETH (@CryptoTaxGuyETH) December 27, 2024
Today, Treasury and the IRS issued "part 2" of the crypto broker reporting regs. Part 1 primarily addressed CEXes and other custodial actors and is summarized in the below-linked tweet. https://t.co/LIdSD0rWv7
1/12
Jump in the discussion.
No email address required.
Noooo, the regulations are catching up to me?
Jump in the discussion.
No email address required.
The state mafia says no fun allowed if @Fresh_Start is not getting a cut.
Isn't this a classic case of overregulation that is destroying a new financial industry too keep power with the old status quo thus slowing down growth and economic complexity and speeding up economic decline?
Jewish lives matter too Trayvann.
Jump in the discussion.
No email address required.
r-slur over here drank the koolaid lmao
Jump in the discussion.
No email address required.
It was as legitimate as a banking sector with interest rates 10x higher than inflation.
Jewish lives matter.
Jump in the discussion.
No email address required.
Not exactly a compelling argument
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context