🚨 Major Win for DeFi: US Treasury Drops Crypto Broker Reporting Rule

🌐 In a landmark decision for the crypto and DeFi ecosystem, the US Treasury has officially scrapped the broker reporting rule that would have required decentralized platforms to report user transactions to the IRS.

🔍 Why this matters:

◾️ This move follows Congress’s earlier action to revoke the IRS tax rule

◾️ It's a huge regulatory relief for DeFi builders, users, and platforms alike

◾️ Reinforces the growing recognition that traditional compliance frameworks don’t fit decentralized technologies

⚖️ This signals a more mature and nuanced approach to crypto regulation — potentially opening the doors for more innovation, participation, and legitimacy across the decentralized finance space.

🔍 Will this usher in a new wave of DeFi adoption and development in the U.S.?

#DeFi #CryptoRegulation #USTreasury #IRS #CryptoNews

https://coingape.com/us-treasury-scraps-crypto-broker-reporting-rule-for-defi-platforms/?utm_source=bnb&utm_medium=coingape