Cynthia Lummis: "IRS DeFi Broker Regulations Result from Misunderstanding Decentralized Technology"
Pro-cryptocurrency U.S. Senator Cynthia Lummis stated on the 4th (local time) via X (formerly Twitter) that "the IRS's DeFi broker regulations fundamentally misunderstand how decentralized technology works." She emphasized that "these coercive federal regulations will drive American cryptocurrency entrepreneurs overseas."
