Hey, Bankless Nation. This is an emergency episode. We've got a job to do on this episode.

We have two guests. We're going to introduce you to in just a minute. But I want to set the

context for this episode. The US is trying to kill crypto right now. That is the US government.

More than usual. More than usual. What I'm pointing to specifically

is an interpretation of some tax rules that came out from the IRS at the end of August.

We haven't talked about this yet on Bankless because we've been waiting for the troops to get

all of the content together in order to give you an easy call to action and next step that you can

take. But the short of this is there are some IRS interpretations that would effectively kill

DeFi and crypto use cases in the United States. Require not just use cases, not just DeFi.

Touching a blockchain. It will make touching a blockchain and the legal thing for

tens of thousands of people who work in the crypto industry. Right. Unless you are AMLKYC,

it requires all of this kind of additional compliance. So effectively, this will be

absolutely detrimental for the crypto industry and the US. But there is good news here.

The good news is we can change the interpretation. It is a draft interpretation is not finalized

from the IRS and we have I think six or seven more days in order to comment on this interpretation

and get the IRS to reverse course. So this episode is a call to action. If you are a US listener

in this episode, you will find in the show notes a link to take five minutes from your time to

actually generate. We've got an AI tool in the episode. So you can AI generate a comment

and submit it to the IRS. And I think David, our guest said if we get 10,000 comments.

10,000. It might delay it by one year.

Okay. It could delay this by one year. So that is the call to action and what we're going to get

into today. It's extremely easy. Me and Ryan both filled out our comments after recording this

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