According to Coin.com, Michele Korver, the regulatory head of a16z Crypto, stated in an article on X platform: "We at a16z Crypto believe that DeFi will make financial services and the digital economy more convenient, efficient, interoperable, reliable, and consumer centric. However, yesterday the US Treasury Department issued new broker reporting rules, which pose a direct threat to this commitment and undermine the future of DeFi innovation in the United States. We at a16z Crypto support lawsuits filed by the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council because the US Internal Revenue Service and Treasury Department have exceeded their legal authority, violated the Administrative Procedure Act (APA), and are unconstitutional. DeFi builders should have confidence that industry lawyers are working hard to protect this technology. We will continue to fight on all fronts - in court, with the help of Congress and the new administration