#btc .. #Xrp🔥🔥 #bnb Breaking: The U.S. Treasury officially cancels tax reporting rules for crypto brokers 🇺🇸
The U.S. Treasury announced today the cancellation of rules that required cryptocurrency brokers, including DeFi platforms, to submit detailed reports about user transactions to the IRS.
📉 What does this decision mean?
✔️ Platforms are no longer required to disclose the data of crypto traders in America.
✔️ This is considered a victory for privacy in the cryptocurrency world.
✔️ This may ease restrictions on innovation in DeFi and Web3 platforms.
✔️ But be careful:
💲 This does not mean that taxes have disappeared, just that the burden of reporting is no longer on the brokers.
💵 The government may reintroduce new rules later in a different form.
💥 The market hits a new record after this decision