Trump signs bill to nullify expanded IRS crypto broker rule
27 Articles
27 Articles
Trump kills DeFi broker rule in major crypto win: Finance Redefined
Trump kills DeFi broker rule in major crypto win: Finance Redefined, April 4–11In a significant win for decentralized finance (DeFi) protocols, US President Donald Trump overturned the Internal Revenue Service’s DeFi broker rule, which would have expanded existing reporting requirements to include DeFi platforms.Increasing US crypto regulatory clarity will attract more tech giants to the space, requiring existing crypto projects to focus on more…
Trump Signs Bill Overturning Expanded IRS Crypto Broker Rule
President Donald Trump on Thursday signed into law a resolution overturning a Biden-era rule from the IRS that expanded the definition of a broker to include decentralized cryptocurrency exchanges. Rep. Mike Carey (R-Ohio) introduced the Congressional Review Act disapproval resolution that repealed the IRS Digital Assets Sale and Exchanges Rule, also known as the “DeFi Broker Rule.” The lawmaker, who is a member of the House Ways and Means Commi…
In a historic movement for the cryptocurrency sector, U.S. President Donald Trump has signed legislation that eliminates a regulation of the Internal Revenue Service (IRS) that would have imposed strict requirements on decentralized finance platforms (DeFi). The bill, known as H.J.Res.25, was driven by representative Mike Carey and Senator Ted Cruz, and marks a milestone as the first cryptocurrency-related law passed in the United States.Read mo…
President Trump Signs First Ever Cryptocurrency Bill Into Law * 100PercentFedUp.com * by Kaley
President Trump just made history by signing a bill to repeal the Biden-era “DeFi Crypto Broker Rule.” The Senate had passed the bill to repeal the law, which would have forced cryptocurrency platforms to report customer earnings, by a wide bipartisan vote of 70-28. This marks the first time a U.S. president has ever signed a cryptocurrency bill into law. Take a look: President Donald J. Trump has officially signed the bill to repeal the “DeFi …
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