It is annoying that the new IRS defi document does not contain page numbers. (source: https://public-inspection.federalregister.gov/2024-30496.pdf) But pdf readers do.
And I note that on page 41, they clarify that a software developer is not a broker unless they get "consideration" (i.e. money) for their code. Yay!
Login to reply
Replies (2)
defi services can still profit from other parts
e.g. they can continue taking a % of staking rewards (that's the app layer, not the frontend)
they can still run "searchers" to front-run customers
they can still receive airdrops
it's only *frontends* that mustn't make a profit
IRS is a scam !