Blockchain Pushes Congress to Support Cruz

Blockchain Association Supports Cruz’s Measure Against IRS DeFi Broker Rule

• The Blockchain Association is advocating for Congress to support a measure by Sen. Ted Cruz.
• The measure aims to overturn the IRS’s decentralized finance broker rule.
• The association believes the broker rule threatens U.S. leadership in decentralized finance (DeFi).
• Senator Ted Cruz is the sponsor of the proposed measure.

The Blockchain Association has called on Congress to back a proposal by Sen. Ted Cruz that seeks to reverse the IRS’s decentralized finance broker rule, which they argue could undermine U.S. leadership in DeFi.