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

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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 the so-called IRS DeFi broker rule that aimed to expand existing IRS reporting requirements to crypto.

The Senate had voted to pass the resolution earlier in March, which also passed the House, but it was sent back to the Senate for a final vote before it could be sent to Trump.

The White House’s AI and crypto czar, David Sacks, has said Trump supports killing the rule.

This is a developing story, and further information will be added as it becomes available.

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Pentagon bans US forces from using military info to bet in prediction markets

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Hegseth warned that prediction market wagers could expose military operations to adversaries.

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New DeepSeek ban in US, Swiss-Asia crypto ties deepen: Asia Express

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DeepSeek banned from US federal civilian agencies over spying fears. Singapore firm behind Europe’s first spot Bitcoin ETF, as Switzerland partners with Vietnam on crypto tech.

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Circle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals

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According to a Circle shareholder, the US president’s “corruption” through USD1 left the company unable to compete with stablecoins, harming USDC.

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