2 days ago
Michele Korver, head of regulation at Andreessen Horowitz’s blockchain arm, A16z Crypto, has voiced strong opposition to the US Treasury and IRS’s newly issued broker reporting rule. In an official statement, she claims that it jeopardizes the future of decentralized finance (DeFi) innovation in the United States. Treasury’s “Midnight” Reporting Rule Lambasted In a December 30 tweet , Korver outlined A16z’s support for a lawsuit filed by the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council. This lawsuit aims to block regulations stemming from the Infrastructure Investment and Jobs Act, which seeks to expand the definition of brokers in a way that could include DeFi trading front-ends. These platforms, which allow users to interact with decentralized protocols, do not directly facilitate transactions, a distinction highlighted in the lawsuit. The groups argue that the rule imposes undue burdens on DeFi entities, violates the Administrative Procedure Act (APA), and exceeds the Treasury’s statutory authority. Korver described the rulemaking process as a rushed “midnight” decision that undermines DeFi’s potential to deliver accessible, efficient, and consumer-focused financial services. She further stated the broader implications of the rule, warning that it could stifle innovation and drive DeFi operations offshore. A16z Crypto even went on to reiterate that it would defend the sector through multiple avenues, including legal challenges and legislative advocacy with Congress and the incoming executive branch. Korver reassured developers that industry attorneys are working to protect this technology, stating that these efforts are critical to preserving the transformative potential of decentralized financial systems. “We believe that this final rule exceeds Treasury’s statutory authority, violates the Administrative Procedure Act (APA), and is unconstitutional. DeFi builders should feel confident that industry attorneys are working hard to protect this technology. We will keep fighting on all fronts – in the courts, and with the help of Congress and the incoming executive branch.” IRS Attracts Backlash Jake Chervinsky, a prominent voice in crypto policy and head of policy at Blockchain Association, also weighed down on the recent developments and pointed out the swift legal response by the crypto industry on the broker rule, which was challenged within 24 hours of its announcement. Chervinsky praised the industry’s evolution of policy infrastructure in the USA over the last couple of years and expressed optimism about the future of crypto and its ability to push back against regulatory overreach. This stance has been echoed by other prominent figures in the crypto space. Unsiwap founder Hayden Adams, for one, criticized the rule’s timing and potential impact while suggesting that it represents a deliberate attempt to hinder DeFi innovation. He expressed confidence in legal and legislative challenges to overturn the rule. Meanwhile, Uniswap CLO Katherine Minarik also said that “there is no good reason for the IRS’s new rule misclassifying DeFi technology as brokers.” The exec added, “It races past the plain limits set by Congress, it will produce far more pointless paperwork than the IRS can handle, it contradicts itself throughout on the tech, and it imposes a burden that could cripple DeFi entirely. All so we can … conduct unnecessary mass surveillance on crypto transactions by everyday Americans. DeFi is the antidote to debanking. The last thing we can afford to do is try to choke it to death next.” The post A16z Joins Legal Fight Against Treasury and IRS Over DeFi Rules appeared first on CryptoPotato .
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Ethereum Price Prediction: Will January Finally Bring About The ETH Breakout? ETH Whales Have Been Busy
The cryptocurrency world is revving up for a historical year in 2025. Ethereum remains the decentralized finance backbone and home of smart contract technology, garnering favor among investors. Some believe January may bring the long-awaited breakthrough as whales hoard large quantities of Ethereum. Aave (AAVE) has also excelled in 2024, carving out its niche as a specialist in lending and borrowing protocols. Meanwhile, Rollblock (RBLK) is bringing a new twist, merging iGaming and DeFi into one investment opportunity and a fun user experience. So how will these projects perform in 2025? Rollblock Redefines GambleFi Rollblock (RBLK) is entering the GambleFi space and turning heads in the process. As the first community-backed casino and Play-to-Earn platform, Rollblock brings the thrill of online gaming and ties it together with the fairness and transparency enabled by blockchain technology. Revenue Sharing Benefits Rollblock spends a large portion of its weekly profits on buying back and burning $RBLK tokens, which reduces supply and increases scarcity. Other funds are issued as staking rewards, incentivizing long-term holding. Expansive Gaming Options With over 7,000 games, a comprehensive sportsbook, and player-versus-player betting, Rollblock offers unparalleled variety. Blockchain technology ensures provably fair gaming, addressing trust issues prevalent in traditional casinos. AI-Driven Betting Tools Advanced AI tools assist users in optimizing betting strategies, offering personalized insights to maximize potential profits. Staking Rewards Users who stake $RBLK enjoy lucrative rewards derived from the platform’s revenue, while token burns introduce a deflationary mechanism to support long-term value growth. Aave Rallies 35% In December Aave (AAVE) closed December with a 35% gain, taking Aave’s (AAVE) net gain over the last 12 months to 184%. Technically, Aave (AAVE) is now offering cross-chain governance so that users can take part in decision-making around blockchain development. All this has boosted user engagement and bolstered Aave’s multi-chain presence. Aave’s new algorithmic stablecoin GHO has also generated some hype. Trading at $70 on 1st January, analysts anticipate a sharp rise in Aave’s value, to $90 in the short term. Ethereum Poised for a Breakout Ethereum (ETH) has been on a positive trajectory and analysts seem optimistic about its performance in January. Forecasts say it could break through the key $2,500 resistance level and run toward the $3,000 mark in the near future. Data from on-chain analytics platforms suggests Ethereum (ETH) whales have been accumulating Ethereum (ETH) in recent months. Those big investments usually signal trust in the future price growth of a token. Ethereum (ETH) has also seen massive staking growth. Switching over to Ethereum 2.0 and increasing the amount of staking options on offer have all contributed to reducing Ethereum’s circulating supply. Investors Flock To Rollblock Rollblock’s GambleFi platform is stealing the attention of many in the crypto and iGaming worlds. Currently priced at just $0.0044 in its ninth presale stage, the $RBLK token presents unparalleled growth potential for early adopters. As analysts predict a steep 800% price increase during the presale and 100x growth post-launch, now is the perfect time for investors to secure their stake in Rollblock’s (RBLK) future success. Discover the exciting opportunities of the Rollblock (RBLK) presale today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Crypto Potato
Blockchain company Spirit announces Dogecoin yield generation strategy
Spirit Blockchain Capital, a blockchain-focused investment firm publicly traded on the Canadian Securities Exchange, has announced a yield generation strategy targeting its Dogecoin holdings. The announcement follows Spirit’s recent acquisition of Dogecoin Portfolio Holdings Corp., a blockchain startup focused on… Crypto Potato
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