Trump Signs Resolution Repealing IRS Rule on DeFi Platforms
- US President Donald Trump has signed a joint resolution to repeal an IRS rule affecting decentralized finance (DeFi) platforms.
- The legislation prevents the IRS from enforcing tax reporting requirements on DeFi protocols.
- This marks the first time a US president has signed a crypto-related bill into law.
- The Senate passed the final version of the bill on March 26 with a 70–28 vote, following House approval on March 11.
- Senator Ted Cruz was the lead sponsor of the resolution in the Senate.
The signing of this resolution by President Trump exempts DeFi platforms from certain IRS tax reporting obligations, signaling a shift in federal policy towards encouraging technological growth and innovation in crypto regulation.
Source (2.6)https://coingape.com/us-president-donald-trump-signs-first-crypto-related-bill-into-law-report/?rand=24432
