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šØ BREAKING: Trump Repeals IRS DeFi Rule ā Crypto Just Got a Huge Win šØ
Big W for crypto today.
President Trump just signed a new law that officially repeals the IRS rule that tried to classify DeFi platforms as ābrokers.ā
Yeah, that ruleāthe one that wanted decentralized platforms to collect and report user info to the IRS... even though DeFi is literally peer-to-peer with no middlemen.
The crypto community fought backāand won.
What this means:
DeFi platforms no longer have to report user data
Privacy and innovation in crypto just got a major boost
Less regulatory friction = more room for DeFi growth
The markets reacted with a slight dip after the initial news shock:
Bitcoin (BTC) is sitting around $80,719
Ethereum (ETH) down slightly to $1,541.83
But the long-term energy? Bullish.
This is a big step toward crypto freedom and smarter regulation.
Follow @LeftCoastCrypto for real-time updates, simplified crypto law breakdowns, and everything that actually moves the market.
#CryptoNews #DeFiWin #TrumpRepeal #CryptoFreedom #Web3Policy #BitcoinUpdate #EthereumNews #LeftCoastCrypto #CryptoCommunity #globalcryptocommunity
šØ BREAKING: Trump Repeals IRS DeFi Rule ā Crypto Just Got a Huge Win šØ
Big W for crypto today.
President Trump just signed a new law that officially repeals the IRS rule that tried to classify DeFi platforms as ābrokers.ā
Yeah, that ruleāthe one that wanted decentralized platforms to collect and report user info to the IRS... even though DeFi is literally peer-to-peer with no middlemen.
The crypto community fought backāand won.
What this means:
DeFi platforms no longer have to report user data
Privacy and innovation in crypto just got a major boost
Less regulatory friction = more room for DeFi growth
The markets reacted with a slight dip after the initial news shock:
Bitcoin (BTC) is sitting around $80,719
Ethereum (ETH) down slightly to $1,541.83
But the long-term energy? Bullish.
This is a big step toward crypto freedom and smarter regulation.
Follow @LeftCoastCrypto for real-time updates, simplified crypto law breakdowns, and everything that actually moves the market.
#CryptoNews #DeFiWin #TrumpRepeal #CryptoFreedom #Web3Policy #BitcoinUpdate #EthereumNews #LeftCoastCrypto #CryptoCommunity #globalcryptocommunity
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