Big cryptocurrency companies are asking Congress for help! They don't like a new tax rule that could hurt a type of cryptocurrency system called DeFi (Decentralized Finance). It's like a special bank system that runs on computers, not a big building.
This rule would make US companies share a lot of information about their customers, which they think is unfair.
They say it will make it harder for American companies to grow, while foreign companies won't have the same rules.
- Many big crypto companies signed a letter to Congress.
- The new tax rule is about DeFi, which is a special way to use cryptocurrency.
- They want Congress to stop this rule.
| What happened | Details |
|---|---|
| New tax rule | Could harm US crypto companies |
| Companies' request | Congress should stop the rule |
| Possible outcome | Uncertain, needs Congress approval |
