🚨 JUST IN: U.S. Treasury Officially Scraps Crypto Broker Reporting Rules! 🇺🇸💥

According to Bloomberg, the U.S. Treasury Department has formally canceled controversial crypto broker reporting requirements that were originally set to take effect under the 2021 Infrastructure Bill.

🔍 What was planned?

The rules required crypto brokers — including exchanges, DeFi platforms, and wallet providers — to report detailed customer transaction data to the IRS, raising major privacy and compliance concerns.

🚫 Why were they canceled?

• Massive pushback from the crypto industry

• Unclear definitions of “broker”

• Legal risks for developers and protocols

• Fear of stifling U.S. blockchain innovation

🗣️ Crypto advocates celebrate:

This move is seen as a huge win for digital freedom and innovation. It sends a strong message that the U.S. is willing to adapt regulations in a way that supports the future of Web3.

📈 Market Reaction:

Expect a bullish sentiment as regulatory pressure eases and investor confidence grows. 🇺🇸💎

#CryptoNews🔒📰🚫 #TrumpTariffs #TrumpCrypto #Web3 #UStreasury