President Trump has officially signed a bill overturning the IRS’s attempt to classify DeFi platforms as brokers — a move that would've crushed innovation with impossible tax reporting demands.
✅ No more forcing DeFi into a TradFi box
✅ Congress pushed back — and Trump delivered
✅ "Crypto President" title just got real
This repeal blocks the 2024 IRS rule that aimed to treat decentralized protocols like Coinbase or Kraken, demanding full KYC and tax data reporting from platforms that don’t even hold user info.
💬 Trump is now doubling down on crypto:
Assembling a dedicated crypto task force
Proposing a federal Bitcoin reserve
Tweeting “Great time to buy!” hours before major policy drops 👀
The message is loud and clear:
The U.S. might just be turning pro-crypto.
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