Senate Overturns IRS Crypto Rule in Landmark Victory
- The Senate voted 70-28 to overturn an IRS rule.
- The rule targeted DeFi developers.
- Resolution was announced by U.S. Senator Ted Cruz (R-TX).
- The decision is now heading to Trump’s desk for approval.
- This marks a significant victory for decentralized innovation.
The Senate’s decisive 70-28 vote against the IRS rule targeting DeFi developers signals a major regulatory rollback, with the resolution now awaiting final approval from Trump.
Source (2.6)https://news.bitcoin.com/crypto-rule-repeal-hits-trumps-desk-massive-regulatory-rollback-imminent/?rand=52384
