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Trump signs resolution killing IRS DeFi broker rule

Published

1 year ago

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US President Donald Trump on April 10 signed a joint Congressional resolution overturning a Biden-era rule that requires decentralized finance (DeFi) protocols to report to the country’s tax authority, the Internal Revenue Service.

The rule would have required DeFi platforms, such as decentralized exchanges, to file their gross proceeds from crypto sales and include information on those involved in the transactions.

Trump was widely expected to sign the bill, as White House AI and crypto czar David Sacks said in March that the president would support killing the measure.

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

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Crypto advocacy groups support CLARITY passage as ethics rules face pushback

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3 hours ago

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July 24, 2026

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The window for US lawmakers to address a comprehensive crypto market structure bill before the 2026 elections is closing, and industry organizations are calling for action.

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Internet Freedom Foundation calls India’s BitChat GitHub takedown order ‘unconstitutional’

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4 hours ago

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July 24, 2026

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The digital rights group says India’s order to remove Jack Dorsey’s BitChat repositories from GitHub exceeds the government’s legal authority and threatens free speech.

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Bitcoin falls under $64K as surging US bond yields boost Fed rate-hike odds

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5 hours ago

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July 24, 2026

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Bitcoin saw several dips under the $64,000 mark as a Binance “plunge protection team” reemerged with bid liquidity to avoid a deeper BTC price rout.

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