US House Rejects IRS Regulation on DeFi – Positive Signal for the Market

The US House has just passed a resolution to repeal the Internal Revenue Service (#IRS ) regulation requiring DeFi platforms to implement KYC and report user data. This is good news for the decentralized finance (DeFi) sector, helping to reduce legal pressure and protect user anonymity.

This move could boost the development of #defi as investors feel more assured about the legal environment in the US. The crypto market, especially tokens related to DeFi, may react positively in the short term.

However, this resolution still needs to be approved by the US Senate in the next step. If approved, this will be an important step in shaping crypto policy in the US, helping the country maintain its competitive advantage in the blockchain and decentralized finance sector. #anhbacong