Jake Chervinsky

Jake Chervinsky

@jchervinsky

Published: 12/27/2024
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IRS has finalized the second half of its broker rule, requiring most DeFi front-ends to KYC users starting in 2027. This unlawful rule is the dying gasp of the anti-crypto army on its way out of power. It must be struck down, either by the courts or the incoming administration.

When this rule was proposed, thousands of pages of comment letters were filed explaining why it exceeds IRS's statutory authority and violates the Constitution. This isn't what Congress meant by "broker," nor what the founders meant in the Bill of Rights. https://www.federalregister.go...

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