<ul><li>Congress is pushing back against the IRS’ DeFi tax rules, citing concerns over regulatory overreach and innovation risks.</li><li>A resolution has been advanced to overturn the Internal Revenue Service’s (IRS) controversial tax reporting requirements for decentralized finance (DeFi) platforms.</li><li>Opponents argue that the IRS rule exceeds the agency's authority and places impractical requirements on DeFi platforms.</li><li>If successful, this legislative action would prevent the IRS from enforcing the current DeFi tax reporting requirements, prompting a reevaluation of how decentralized platforms are regulated.</li></ul>

Congress Moves Against IRS’ Controversial DeFi Tax Rules

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