The Senate just passed a resolution to scrap the IRS’s controversial DeFi broker rule in a 70-28 landslide vote! The bill now heads to President Trump’s desk for final approval.
🔹 This rule would have forced DeFi platforms to collect/user data like traditional brokers—a move critics called "unworkable" for decentralized tech.
🔹 The repeal is a HUGE win for crypto advocates fighting for clear, fair regulations.
What’s next?
All eyes are on the White House! If signed, this could ease regulatory pressure on DeFi innovators and protect privacy in crypto transactions.
🗣️ "This is a step toward common-sense policy that doesn’t stifle innovation." — Sen. Cynthia Lummis (R-WY)
#DeFi #Crypto #USSenate #TRUMP #IRS
Like/share if you’re tracking this crypto regulation shakeup! 🔥👇
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