🟢 The U.S. Senate just voted 70-28 to repeal a controversial tax regulation from the IRS, which required DeFi platforms to operate as securities brokers, collecting and reporting users' transactions.
🟢 This regulation was issued at the end of President Biden's term, but was strongly opposed by the crypto community, claiming it threatens privacy and could hinder the industry's growth.
🟢 This repeal bill has now passed both chambers and is awaiting President Trump’s signature. If this bill is signed, it will become an official law and this will be the first crypto legislation under President Trump, marking a significant turning point for the crypto industry in the U.S.
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