The Senate’s Rejection of the IRS DeFi Broker Rule Might Be A Step Forward for Crypto Industry
On March 4, 2025, the U.S. Senate voted 70-27 to repeal an IRS rule that would have potentially imposed very stringent reporting requirements on decentralized finance (DeFi) platforms, categorizing them as “brokers” under existing US tax laws. This decision, driven by a bipartisan coalition and… Read More
Read more in: Blockchain & Digital Assets, Opinion, Politics, Legal & Regulation | Tagged Crypto Regulations, decentralized finance, defi, defi broker rule, irs