DeFi Education Fund Sues US IRS Over Controversial Tax Rules

Crypto industry advocacy group, the DeFi Education Fund has filed a lawsuit against the US IRS barely 24 hours after it released its controversial tax framework. Despite claims that the agency finalized the regulation months ago, the DeFi Education Fund tagged it a “midnight” rulemaking. Specifically, the lawsuit alleges that the tax body exceeded its statutory authority with its demand from DeFi platforms.