This chapter explains the interpretive authority of government agencies, focusing on the IRS and the Treasury. It discusses the concept of Chevron deference and its potential impact on crypto regulations. The chapter also examines the chances of the IRS changing its interpretation of digital asset middleman.
We need to stop the US from killing crypto. The new IRS proposals could effectively destroy DeFi and other crypto use cases.
The good news? We can change this. 5 minutes is all it takes to leave a comment and get the interpretation delayed.
In this episode, we bring on Miller Whitehouse-Levine of the DeFi Education Fund and tax lawyer Jason Schwartz to discuss the proposed rules and their catastrophic implications.
0:00 Intro 6:30 Miller and Jason 8:15 The Broker Laws 15:30 Proposed Regulation 20:50 Endgame Oversight 26:00 They Hate Crypto 31:00 The Comment Process 36:40 New Crypto Tax Tools 42:00 So What Happens⌠46:30 Pressuring the Departments 50:50 How We Can Win 56:20 What We Have to Do