I’m usually that guy. I applaud this action as a tiny step in roughly the right direction. If defi users are paying taxes on risky profits, they deserve total p

I’m usually that guy. I applaud this action as a tiny step in roughly the right direction. If defi users are paying taxes on risky profits, they deserve total protection from fraudulent losses. The tax code is already massively asymmetric (unlimited tax on gains, $3000 max loss deduction). Personally I don’t think comprehensive fraud enforcement is possible or efficient, and a risk-friendly tax code (lifetime profit/loss) would probably make more sense. But still, this is better than nothing.