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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.

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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…

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Reuters broke the news in United Kingdom on Thursday, April 10, 2025.
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