President Trump has officially signed a bill repealing tax-reporting rules for DeFi platforms — marking the first crypto-related law in U.S. history.

The repealed rule would have forced DeFi protocols to collect user data like traditional brokers and report it to the IRS. The crypto community fought back hard, calling the rule unrealistic and dangerous for privacy.

💬 “It was a midnight move by the Biden administration,” said David Sacks, the White House crypto advisor.
📣 DeFi Education Fund called the repeal a turning point for digital assets in America.

Is the U.S. finally embracing crypto innovation?

#Trump #CryptoLaw #DeFi #IRS #Regulation

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