Whale Tracker
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🚨 Emergency Update: White House Backs CRA to Repeal DeFi Broker Rule! 🚨
Market can be long up-to limits soon
BTC now at near 83-85k
SOL near 135-142
ETH near 2000-2100$
Anytime market can be long upto limits
In a major move, the White House has supported the Congressional Review Act (CRA) resolution to repeal the IRS’s controversial “DeFi Broker Rule.” This rule, finalized in December 2024, expanded the definition of “broker” to include DeFi developers, forcing them to report user data to the IRS.
(March 4 2025)
David Sacks, White House crypto advisor, argues the rule imposes unnecessary compliance burdens on DeFi platforms and stifles innovation. If the CRA passes in Congress, it could eliminate the reporting requirements, boosting confidence in the DeFi sector and possibly sparking a bullish trend in crypto markets.
Stay tuned for more updates as this develops!
Market can be long up-to limits soon
BTC now at near 83-85k
SOL near 135-142
ETH near 2000-2100$
Anytime market can be long upto limits
In a major move, the White House has supported the Congressional Review Act (CRA) resolution to repeal the IRS’s controversial “DeFi Broker Rule.” This rule, finalized in December 2024, expanded the definition of “broker” to include DeFi developers, forcing them to report user data to the IRS.
(March 4 2025)
David Sacks, White House crypto advisor, argues the rule imposes unnecessary compliance burdens on DeFi platforms and stifles innovation. If the CRA passes in Congress, it could eliminate the reporting requirements, boosting confidence in the DeFi sector and possibly sparking a bullish trend in crypto markets.
Stay tuned for more updates as this develops!
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