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President Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi

The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.Updated Apr 10, 2025, 11:19 p.m. Published Apr 10, 2025, 11:17 p.m. With a signature from President Donald Trump, the decentralized financial (DeFi) corner of the crypto sector is now freed from U.S. Internal Revenue Service demands that such platforms be treated as brokers and required to track and report user activity.That narrowly focused IRS rule...

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