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Trump Signs Bill Repealing IRS DeFi Broker Rule

4/11/2025

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Summary

Story summary

On April 10, 2025, President Donald Trump made waves by signing a groundbreaking bill that repealed the IRS DeFi Broker Rule, which required decentralized finance platforms to disclose user data. Spearheaded by Senator Ted Cruz and Representative Mike Carey, this bipartisan effort champions innovation and safeguards privacy in the ever-evolving crypto landscape, setting a historic precedent for future legislation.

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Story summary

On April 10, 2025, President Donald Trump made waves by signing a groundbreaking bill that repealed the IRS DeFi Broker Rule, which required decentralized finance platforms to disclose user data. Spearheaded by Senator Ted Cruz and Representative Mike Carey, this bipartisan effort champions innovation and safeguards privacy in the ever-evolving crypto landscape, setting a historic precedent for future legislation.