IRS

Trump Signs Law Scrapping IRS DeFi Broker Rule, Reversing Key Biden-Era Policy

Trump Signs Law Scrapping IRS DeFi Broker Rule, Reversing Key Biden-Era Policy

Leave a Comment / Blockchain News, DeFi, IRS /

President Donald Trump on Thursday signed a resolution to overturn an Internal Revenue Service (IRS) rule that would have required certain crypto brokers, including decentralized finance (DeFi) platforms, to report customer transactions to the tax agency. The move marks a major rollback of a Biden-era tax reporting measure and further signals Trump’s alignment with the […]

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Crypto Rule Repeal Hits Trump’s Desk—Massive Regulatory Rollback Imminent

Crypto Rule Repeal Hits Trump’s Desk—Massive Regulatory Rollback Imminent

Leave a Comment / Decentralized finance (Defi), IRS, Regulation, United States US /

The Senate voted 70-28 to crush an IRS rule targeting DeFi developers, delivering a sweeping crypto victory now heading to Trump’s desk for final approval. Senate Overturns IRS Crypto Rule in Landmark Victory for Decentralized Innovation U.S. Senator Ted Cruz (R-TX) announced on March 26 that his resolution to overturn a controversial Internal Revenue Service

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