US EditionTreasury, IRS Scrap Crypto Broker Rule for DeFi Services
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7 Articles
IRS Formally Removes Anti-DeFi Broker Rule From Tax Code - WorldNL Magazine
In brief The IRS announced Thursday it has removed a controversial DeFi-focused rule from the U.S. tax code. The rule, adopted in December, was repealed by a congressional resolution earlier this year, which President Trump signed into law in April. The rule would have held DeFi platforms to the same tax reporting requirements as traditional brokers and brokerages. The IRS announced Thursday it formally removed a controversial rule from the fede…
In the United States, DeFi players have won a certain victory thanks to the removal of a tax rule affecting them. What was it and can we see a parallel to it with Europe? The article Victory for DeFi: the United States removes a controversial tax rule appeared first on Cryptoast.
US Treasury Officially Removes Controversial Biden-Era Crypto Broker Reporting Rules
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Department of the Treasury and the Internal Revenue Service (IRS) have formally scrapped a controversial crypto rule that would have mandated decentralized exchanges to comply with broker reporting obligations. US Treasury, IRS Drop Crypto Broker Rule On Thursday, the US... The post US Treasury Officially Removes Controversial Biden-Era Cry…
US Treasury Officially Withdraws DeFi Broker Reporting Rule News ETHNews
U.S. Treasury revoked DeFi “broker” rule, ending reporting mandates for platforms like Uniswap. Congress repealed it; Trump signed the reversal. DeFi users still self-report taxable gains to the IRS. Platforms no longer send automated transaction data to tax authorities. The US Treasury Department has formally rescinded a tax rule that classified decentralized finance (DeFi) exchanges as “brokers.” This rule, published in December 2024 under the…
Treasury, IRS Scrap Crypto Broker Rule for DeFi Services
Catenaa, Friday, July 11, 2025- The US Treasury Department and Internal Revenue Service on Thursday repealed a controversial rule that required decentralized crypto platforms to report user transaction data, ending years of regulatory uncertainty and industry pushback. The rule, first introduced...
U.S. Treasury’s Decision To Remove DeFi Broker Reporting Rules Is A Landmark Win For The Crypto Industry
According to Bloomberg, the U.S. Treasury Department has officially scrapped crypto broker reporting rules (TD 10021, RIN 1545-BR39) that would have required decentralized finance (DeFi) platforms to report customer transaction data to the IRS. These rules, initially set to take effect in 2027, were repealed by Congress under the Congressional Review Act, with President Trump […] The post U.S. Treasury’s Decision To Remove DeFi Broker Reporting …
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