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The US Internal Revenue Service (IRS) announced new regulations on December 27th, defining some decentralized finance (DeFi) protocols as brokers and requiring them to fulfill customer identification (KYC) obligations, sparking strong opposition from the cryptocurrency industry. This regulation is expected to affect up to 875 DeFi brokers and 2.6 million taxpayers. Legal experts criticize the rule for allegedly exceeding its authority and potentially infringing on constitutional rights. Paradigm Vice President Alexander Grieve calls for the new 'pro crypto Congress' to pass the Congressional Review Act (CRA) to repeal this regulation. The Blockchain Association stated that the rule is a "final attempt to push the US cryptocurrency industry overseas" and stated that action will be taken to counter it. @tifjb