BULLISH: Crypto News Update: Trump Repeals Controversial IRS DeFi Tax Rule — Major Shift in U.S. Crypto Policy

In a landmark move for the cryptocurrency industry, President Donald Trump has officially repealed the IRS’s DeFi (Decentralized Finance) tax reporting rule. This decision marks a significant turning point in U.S. crypto legislation and signals a more favorable stance toward decentralized financial technologies. Industry leaders are calling it a win for innovation and investor freedom, while some lawmakers caution about regulatory gaps. The repeal is expected to reshape how DeFi users and platforms operate within the United States, possibly encouraging greater adoption and investment in the sector.