Short News View Non-AMP

Senate Overturns IRS DeFi Rule – Now in Trump’s Hands

Published by
Qadir AK

In a 70-28 vote, the U.S. Senate has approved a resolution to repeal the IRS’s controversial DeFi broker rule. The rule, which aimed to impose stricter tax reporting requirements on decentralized finance (DeFi) transactions, faced strong opposition from the crypto community. With the Senate’s decision, the resolution now moves to President Trump, who will decide whether to sign or veto it. The outcome could significantly impact the future of DeFi regulations in the U.S.

Contine To Read

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Exclusive: How a 77-Year-Old Indian Brand is Betting Big on Bitcoin Despite Tough Taxes

It’s not every day you hear about a 77-year-old Indian business shifting gears to embrace…

June 22, 2025

XRP Price to Crash 25%? Experts Warn of a Possible $1.55 Test

The cryptocurrency market remains volatile, and XRP is showing signs of weakness despite recently climbing…

June 22, 2025

Pi Network Price May Never Hit $10

Pi Network has been making headlines in the crypto community, with growing speculation about a…

June 22, 2025

ZachXBT Accuses Garden Finance For Laundering  Bybit Hack Funds

Recent data from the Dune Analytics reveals that Garden Finance has experienced a remarkable growth…

June 21, 2025

Bitcoin Crash Coming Next Week? James Wynn’s $70M Short Position Says So

With Bitcoin hovering around $103,500, well-known crypto trader James Wynn has made a bold prediction:…

June 21, 2025

ETH Breakout Patterns Align With Kaanch Buying Frenzy—Top Altcoins Can’t Keep Up

The cryptocurrency market is in a frenzy, with Ethereum's technical charts indicating the possibility of…

June 21, 2025