Coin Market

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

Published

1 year ago

March 27, 2025

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.

Coin Market

Israeli regulators approve shekel-pegged stablecoin

Published

15 minutes ago

April 28, 2026

The approval of the BILS stablecoin issued by Israeli exchange Bits of Gold came after a two-year pilot program on the Solana blockchain.

Coin Market

Ether triple top strikes at $2.4K as ETH analysts doubt bullish trend change

Published

15 minutes ago

April 28, 2026

Ether charts flash an ominous triple-top pattern as ETH fails to overcome $2,400. Will bears maintain control over the altcoin’s price action?

Coin Market

Bitcoin whale holdings hit five-month high: Is BTC headed to $80K next?

Published

1 hour ago

April 27, 2026

Bitcoin accumulation by whales and institutional investors is reducing the available supply of BTC and potentially setting the stage for a rally above $80,000.