- March 27, 2025
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
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US President Donald Trump is expected to sign off on a resolution undoing a rule that requires DeFi protocols to report to US tax authorities.
Update (March 27, 3:03 am UTC): This article has been updated to add background and information on the resolution.
US President Donald Trump is expected to sign a resolution overturning a Biden-era rule that requires decentralized finance (DeFi) protocols to report to the IRS, following the legislation’s passage in the Senate 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.
