Informed sources: The US Senate will vote this week to repeal IRS crypto broker rules for DeFi projects
2025-03-03 13:16:38
The U.S. Senate plans to vote as early as this week to repeal the Internal Revenue Service's (IRS) crypto broker rule for decentralized financial (DeFi) projects. According to people familiar with the matter, Republican senators are pushing to repeal two federal regulations related to digital assets: the IRS's DeFi disclosure rule and the Consumer Financial Protection Bureau's (CFPB) rule for payment apps and digital wallets.
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