Replying to Avatar Frank

#nostr #bitcoin #irs

🚨 IRS uploads finalized 'broker rule' for digital assets to the Federal Register for publishing on Dec. 30, 2024 as part of a friday dump

this rule is extremely burdensome and i'd guess this will be put to a Congressional Review Act (CRA) process in the next Congress

https://www.cooley.com/news/insight/2024/2024-07-11-treasury-department-irs-issue-final-regulations-and-transitional-guidance-for-digital-asset-brokers

https://public-inspection.federalregister.gov/2024-30496.pdf

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Frank 1y ago

((All copied from Seth for Privacy)).

Merry Christmas from the IRS and Dep. of Treasury!

Looks like they're trying to kill US-based DeFi integrations in one fell swoop, but a lot more reading left for me in this 115 page behemoth.

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