Congress Will get the Runaround From Regulators, Once more

Quick ahead two years and fears in regards to the dealer definition have come true. It’s clear that the Treasury determined to broaden the scope of what it deems a dealer no matter the statutory language set by Congress. Whereas there are lots of within the digital belongings business that do match the pure and conventional understanding of the time period “dealer,” similar to centralized, custodial exchanges, it’s apparent that others, similar to decentralized finance (DeFi) software program builders and non-custodial pockets software program suppliers, shouldn’t be swept up by this definition.