#特朗普 Trump Signs Bill to Repeal IRS DEFI Brokerage Governance in the Cryptocurrency Sector

In a landmark move, U.S. President Donald Trump signed a resolution on April 10 to repeal the controversial 'Defi Broker Rule', effectively halting the expansion of tax reporting requirements for decentralized financial platforms.

The measure was introduced by Representative Mike Carey (R-Ohio) and supported in the Senate by Senator Ted Cruz (R-Texas), using the Congressional Review Act (CRA) to overturn the IRS rules finalized at the end of 2024. The law now nullifies that legislation, indicating that similar regulations can be reapproved without new legislation.

Repeal of the Defi Broker Rule

The IRS rule aimed to broaden the definition of 'broker' to include self-custody wallets and developers of DEFI applications - platforms that allow users to transact digital assets without intermediaries.

The rule originally stemmed from the 2021 Infrastructure Investment and Jobs Act, attempting to address the perceived tax gap in cryptocurrency transactions by requiring these entities to report user transaction data to the IRS and taxpayers. It was set to take effect in 2027.