Senator Ted Cruz 🇺🇸 confirms that the Senate has passed his CRA resolution to repeal the IRS regulations regarding DeFi, considering DeFi as securities brokers which require KYC and detailed reporting.
The resolution was passed with an overwhelming majority of 70-27 and is now being sent to the House of Representatives for a vote. Once passed, President Trump will sign it into law. This is good news for DeFi.
Pay attention to DEFI in the upcoming period, guys.