Binance Square Article: U.S. Crypto Surges with Policy Breakthroughs

The cryptocurrency sector is electrified this weekend by transformative U.S. developments. Here’s a snapshot of the pivotal changes driving optimism:

Trump Repeals DeFi Tax Burden

On April 10, President Trump signed a historic bill nullifying a Biden-era IRS rule that labeled DeFi platforms as brokers. Slated for 2027, the rule would have forced transaction reporting, threatening user privacy and innovation. This first-ever crypto-specific U.S. legislation is a major win, with industry voices like the DeFi Education Fund calling it a game-changer for decentralized finance.

New York Embraces Crypto Payments

New York’s Assembly Bill A7788, introduced this week, proposes allowing state agencies to accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash for taxes, fines, and services. Following a recent anti-fraud bill, this move positions New York as a hub for crypto adoption while tightening oversight, potentially inspiring other states.

Bitcoin Climbs to $82,000

After tariff-induced volatility, Bitcoin rallied to $82,000 as Trump paused some trade restrictions. Altcoins like XRP and Solana soared over 11%, reflecting renewed confidence. Still, markets remain cautious, eyeing $80,000 support and $85,000 resistance amid trade policy uncertainty.

SEC’s New Chapter with Atkins

Paul Atkins’ Senate confirmation as SEC Chair on April 9 has sparked hope. Known for favoring innovation, Atkins contrasts with Gary Gensler’s enforcement-heavy era. While no crypto policies are set, expectations lean toward clearer, lighter regulations.

What’s Next?

The repeal, New York’s bold step, and Atkins’ leadership signal a pro-crypto U.S. shift. Bitcoin’s strength underscores market resilience, but trade policies could sway sentiment. Traders should monitor key levels and policy updates.

Share your thoughts on Binance Square! How will these changes shape crypto’s future?