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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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Bithumb enters Vietnam crypto license race with SSI Digital deal

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13 minutes ago

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May 7, 2026

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Bithumb’s tie-up with SSI Digital positions it for Vietnam’s strict crypto exchange pilot as competition for scarce licenses heats up and scrutiny mounts at home.

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Luffa unveils major brand upgrade: Repositioned as AI × Web3 Super Connector

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13 minutes ago

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May 7, 2026

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Luffa, the global leader in intelligent ecosystem platforms, today officially announced a major brand upgrade, repositioning itself as the AI × Web3 Super Connector.

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Quantum attacks could worsen without proof of ownership: Near One

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1 hour ago

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May 7, 2026

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Near One says blockchains may need new ownership verification systems if quantum attacks compromise wallet keys and expose private assets.

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