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Trump signs bill to nullify expanded IRS crypto broker rule

Summary by Reuters

U.S. President Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralized cryptocurrency exchanges, according to a statement from the White House.

27 Articles

Wired

Lean Left

The US Is Turning a Blind Eye to Crypto Crimes

Under the Trump administration, federal authorities are declining to charge crypto firms with a range of offenses, raising questions about which rules apply—and who will enforce them.

3 months ago·United States

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The Epoch Times

Lean Right

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 Mike Carey (R-Ohio) introduced the Congressional Review Act disapproval resolution that repealed the IRS Digital Assets Sale and Exchanges Rule, also known as the “DeFi Broker Rule.”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…

3 months ago·New York, United States

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voz.us

Right

Trump makes history: signs the first law related to cryptocurrencies in the US to remove obstacles and expand economic freedom

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…

3 months ago

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100% FED UP!

Far Right

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 …

3 months ago

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