On November 13, the IRS held a hearing to discuss the agency’s proposed digital asset broker reporting requirements. Crypto stakeholders and industry participants offered criticisms of the rule, including arguments that the definition of “broker” is too broad, and the original 60-day comment period was too short. Firms including Coinbase, advocacy groups such as the Blockchain Association, as well as individuals presented their views on the proposal from the IRS and Treasury Department. The newly proposed tax rule also received more than 124,000 public comments.