A16z Crypto Challenges IRS's New DeFi Reporting Requirements in Landmark Lawsuit
Venture capital firm A16z Crypto joins forces with industry groups to contest IRS regulations that would classify DeFi platforms as brokers. The controversial rules, set to take effect in 2027, are criticized for potentially stifling innovation and placing unreasonable compliance burdens on developers.
Venture Capital Pours $800M into Crypto Projects Despite Market Uncertainty
November saw $800 million in venture capital flow into crypto startups, with infrastructure projects leading at $583M and DeFi seeing a 31% funding boost. Despite being down 8% from October, the strong investment signals continued institutional confidence in blockchain technology.
Trump Names Former PayPal Executive as White House AI and Crypto Advisor
Donald Trump appoints tech veteran David Sacks as the new 'Crypto Czar' to oversee AI and cryptocurrency policy. The former PayPal COO will chair the Presidential Council of Advisors for Science and Technology, signaling potential shifts toward reduced industry regulation.
Federal Court Ruling Classifies Lido DAO as General Partnership, Setting Major Legal Precedent
A California federal court has ruled that Lido DAO qualifies as a general partnership, potentially exposing members to legal liability. This landmark decision challenges traditional views of decentralized organizations and could force DAOs to reconsider their operational structures.
Bitcoin Revolutionizes Venture Capital: A New Era for Startup Funding
Bitcoin and cryptocurrency markets are transforming traditional venture capital, creating innovative funding pathways for startups and entrepreneurs. With European tech funding projected at $45 billion for 2024, Bitcoin-based mechanisms offer alternative routes for capital raising and foster decentralized innovation.