Wu Blockchain (@WuBlockchain): Alex Thorn, head of research at Galaxy Digital, said that if the IRS's rule that DeFi front-ends are identified as brokers is not rolled back, the DeF…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Alex Thorn, head of research at Galaxy Digital, said that if the IRS's rule that DeFi front-ends are identified as brokers is not rolled back, the DeFi industry will face three options: comply with the IRS's reporting requirements and accept the broker's identification, try to block users from the United States, and give up smart contract upgrades and revenue generation. cointelegraph.com/news/de-fi-3-o…