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Resolution to kill IRS DeFi broker rule heads to Trump’s desk


The US Senate has passed a resolution to kill a Biden administration-era rule to require decentralized finance (DeFi) protocols to report to the Internal Revenue Service, which will now head to US President Donald Trump’s desk.On March 26, the Senate voted 70-28 to pass a motion repealing...

IRS crypto broker rules, explained: What you need to know in 2025


How does the IRS define a crypto broker? The definition of the term “broker” includes individuals or entities that regularly provide services to carry out digital asset transfers. This definition ensures that only those truly “in a position...

Congress repealed the IRS broker rule, but can it regulate DeFi?


The decentralized finance (DeFi) industry is breathing a sigh of relief as Congress relaxes reporting obligations, but questions remain about how lawmakers will regulate DeFi.On March 12, the House of Representatives voted to nullify a rule that required DeFi protocols to report gross proceeds from...

US House follows Senate in passing resolution to kill IRS DeFi broker rule


The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker...

US House follows Senate in passing resolution to kill IRS DeFi broker rule


The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker...

US House follows Senate in passing resolution to kill IRS DeFi broker rule


The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker...

US House follows Senate in passing resolution to kill IRS DeFi broker rule


The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker...

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