Featured Story | Congress Gets the Runaround From Regulators, Again

Nov 19, 2023

The podcast discusses the struggle between administrative agencies and Congress in defining brokers for tax reporting purposes in the crypto industry. They highlight concerns about the broad definition of brokers and the potential impact on software developers and non-custodial wallet software providers.

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Congress Gets the Runaround From Regulators Again: The Imbalance of Power in Defining Brokers for Digital Assets

00:00 • 4min

Defining a Crypto Broker and the Battle Over Regulatory Power

04:14 • 4min

"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith and DeFi Education Fund CEO Miller Whitehouse-Levine.

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Today’s featured story is an opinion piece from Kristin Smith and Miller Whitehouse-Levine, titled: “Congress Gets the Runaround From Regulators, Again,” written as part of Consensus Magazine's Tax Week.

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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.