By Chayanika Deka In a landmark move, US President Donald Trump on April 10 signed into law a resolution repealing the IRS’s controversial “DeFi Broker Rule” and effectively blocked expanded tax reporting requirements for decentralized finance platforms. The measure, introduced by Representative Mike Carey (R-Ohio) and supported in the Senate by Senator Ted Cruz (R-Texas), […]
Tag: IRS
By Oluwadamilola Ojoye The U.S. crypto space entered a new phase in April 2025, following President Donald Trump’s repeal of the IRS broker rule and a broader push for friendlier digital asset legislation. These changes are already affecting the market, and altcoins previously overlooked are now gaining traction. As regulation tilts towards innovation and decentralization, […]
By Oluwadamilola Ojoye The return of Donald Trump to the White House has triggered a dramatic shift in the U.S. regulatory approach to digital assets. In April 2025, the administration signed off on a major policy reversal: repealing the IRS broker rule, which previously imposed heavy tax burdens on decentralized platforms and crypto investors. This […]