🇺🇸 U.S. TREASURY SCRAPS CRYPTO BROKER REPORTING RULE
📉 Regulation Rolled Back
📊 IRS Reporting No Longer Required
In a major regulatory reversal, the U.S. Treasury has officially repealed the controversial crypto broker reporting rule. Previously, brokers were required to report user transactions to the IRS — a move widely criticized by the crypto community for threatening privacy and innovation.
With Congress voting earlier this year to abolish the rule, this repeal marks a pivotal shift in how digital assets are governed in the United States.
📢 The era of lighter oversight may be here — but will it last?
#CryptoRegulation #USTreasury #DigitalAssets #IRS #BlockchainPolicy