Former Fox reporter Eleanor Terrett posted on the X platform that according to two people familiar with the matter, US President Donald Trump is expected to sign a joint resolution passed by Congress in the near future to formally overturn the tax reporting requirements of the Internal Revenue Service (IRS) for decentralized financial (DeFi) platforms. The resolution was led by Senator Ted Cruz, who himself may attend the signing ceremony.
The resolution, which aims to exempt the DeFi agreement from IRS tax reporting requirements for cryptocurrency brokers, passed overwhelmingly in the Senate two weeks ago. If signed by Trump, it would be the first cryptocurrency-related bill in US history to be signed into law by a president.
Trump is expected to sign a joint congressional resolution to overturn IRS crypto tax rules
2025-04-10 21:58:31
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