๐บ๐ธ U.S. TREASURY SCRAPS CRYPTO BROKER REPORTING RULE
๐ Regulation Rolled Back
๐ IRS Reporting No Longer Required
In a major regulatory reversal, the U.S. Treasury has officially repealed the controversial crypto broker reporting rule. Previously, brokers were required to report user transactions to the IRS โ a move widely criticized by the crypto community for threatening privacy and innovation.
With Congress voting earlier this year to abolish the rule, this repeal marks a pivotal shift in how digital assets are governed in the United States.
๐ข The era of lighter oversight may be here โ but will it last?
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