US President Donald Trump signed a law on Thursday reversing an IRS rule that expanded the broker definition to include decentralized cryptocurrency exchanges, according to a White House statement.
On March 26, the US Senate voted 70-28 to overturn the contentious DeFi broker rule, which sought to broaden tax reporting requirements for businesses in the sector.
US lawmakers have voted to overturn the IRS’s controversial rule that would have required decentralized finance platforms to report user transactions.
Road Town, BVI, 19th February 2025, Chainwire
Kingstown, Saint Vincent and the Grenadines, 3rd February 2025, Chainwire
Singapore, Singapore, 17th January 2025, Chainwire
Toronto, Canada, 16th January 2025, Chainwire
