The U.S. House of Representatives recently passed a bill to abolish IRS rules for DeFi brokers. The measure passed with 292 votes in favor and 132 against, which will exempt decentralized crypto exchanges from the obligation to report sales income and transaction dates. Market analysts believe this decision clears regulatory hurdles for the development of the DeFi ecosystem, potentially promoting more innovation and capital inflow, and enhancing market confidence. Participants in the DeFi space may welcome a more lenient regulatory environment.