In a formal letter addressed to the Internal Revenue Service (IRS), the leading blockchain advocacy group based in Washington DC raised objections to the agency's broker rule provisions. The group contends that these provisions not only hinder innovation in the rapidly growing blockchain industry, but also violate the Paperwork Reduction Act, which aims to minimize the burden of government paperwork on businesses and individuals. This development adds to the ongoing debate surrounding the regulation of cryptocurrencies and further highlights the need for clear and fair guidelines from regulatory bodies.