news 
The DeFi Education Fund has taken legal action against the Internal Revenue Service (IRS), disputing its newly released tax rules for decentralized finance (DeFi). The lawsuit claims that the IRS’s guidelines violate the Administrative Procedure Act (APA), imposing unlawful compliance burdens on DeFi platforms.
According to reports, the lawsuit argues that the regulation requires DeFi platforms to record user transaction data and supply it to the IRS. This move has sparked concerns over its potential impact on innovation within the sector.
Source: cryptonewsland.com
