Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.
But some are worried the bill's definition of a"broker" is too broad and could encompass entities that can't reasonably report to the IRS, like miners or decentralized finance entities. Key amendments to clarify that definition failed to pass, and it's now all on the Treasury to clarify"broker" in its upcoming guidance.
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