#WhiteHouseCryptoSummit #TrumpCongressSpeech
🚨 Big Crypto Update from the White House!
David Sacks, a key figure in the White House for cryptocurrency and AI, just made an important statement about the crypto industry.
📢 What’s Happening?
The White House supports a new decision in Congress to cancel the "Brokerage DeFi Rule." Critics believe this rule unfairly targets the cryptocurrency sector and decentralized finance (DeFi) platforms.
🔹 What Does This Mean?
David Sacks confirmed that the government backs a resolution introduced by Senator Ted Cruz and Representative Mike Carey.
🔹 The Rule They Want to Cancel:
A law passed in December 2024 expanded the definition of a "broker" to include software that handles DeFi transactions.This rule required DeFi platforms to report cryptocurrency sales and transactions, including user details.
🔹 Why Is This Important?
According to the White House, this law could:
✅ Hurt the crypto industry
✅ Increase privacy concerns
✅ Make things difficult for U.S. DeFi companies
📌 This is not investment advice—just an update!
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