Crypto Rule Repeal Hits Trump's Desk—Massive Regulatory Rollback Imminent – Regulation Bitcoin News

US Senate Passed Resolution Nullifying the IRS on Defi Broker Rule

The U.S. Senate passed a resolution under the Congressional Review Act (CRA) to nullify the Internal Revenue Service’s (IRS) Decentralized Finance (DeFi) broker rule, with a vote of 70 to 28. This bipartisan decision marks the second time the Senate has approved such a measure, following an earlier vote on March 4, 2025, by a […] The post US Senate Passed Resolution Nullifying the IRS on Defi Broker Rule appeared first on Tekedia.

Cripto Regulation at Risk: Trump Prepares Revocation! In a surprise movement, former President Donald Trump is about to revoke important regulations in the area of cryptoeconomy. This action could trigger a significant shift in the laws governing the use of cryptocurrencies in the United States. Repealing these regulations puts in check the future of the sector and opens a debate between advocates of technological innovation and those calling fo…

Texas Challenges IRS Cryptocurrency Regulations: Key Insights on Compliance and Impact for Businesses - Market-News24

The U.S. Senate recently passed a resolution with a 70-28 vote, led by Senator Ted Cruz (R-Texas), to reverse a Biden administration rule that regulated software developers involved in decentralized financial (DeFi) technology. The rule classified these developers as “brokers,” despite them not handling any cryptocurrency directly. This resolution, which already cleared the House, now ...

US Senators Vote to Repeal Controversial IRS DeFi Broker Rule

U.S. Senators have voted to repeal an Internal Revenue Service tax rule that crypto advocates had argued imposed impossible tax obligations on decentralized finance protocols. On Wednesday, March 26, Senators voted 70-28 to pass a joint resolution to repeal the IRS rule. This is the second time that Senators voted to repeal the rule, as there was an initial vote on March 4. However, the process had to be redone due to a procedural issue. Followi…

Eurosystem cash solution for DLT transactions: a start but not enough

Hurdles to blockchain adoption in capital markets are falling away. The US’ abandonment of Staff Accounting Bulletin 121 was a key step and the Eurosystem’s advancing work on cash settlement solutions are welcome. However, there are still major stumbling blocks to be addressed.

The U.S. Senate approved the repeal of a controversial IRS rule imposing on DeFi platforms tax demands similar to those of traditional value brokers. Now only Trump’s signature is missing. *** The U.S. Senate.