Pro-XRP Lawyer John Deaton Comments On New Crypto Tax Rule

WikiBit 2024-12-28 06:04

Pro-XRP lawyer John Deaton has criticized a newly finalized crypto tax reporting rule issued by the

Pro-XRP lawyer John Deaton has criticized a newly finalized crypto tax reporting rule issued by the Biden administration. The rule, titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales,” was recently introduced by the IRS. Deaton has labeled the regulation as detrimental to decentralized finance (DeFi).

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