$ARB 🔼🔼 Urgent: The U.S. Department of the Treasury Officially Cancels Tax Reporting Rules for Crypto Brokers 🇺🇸

The U.S. Treasury announced today the cancellation of rules that required digital currency brokers, including DeFi platforms, to provide detailed reports on user transactions to the IRS.

📉 What does this decision mean?

✔️ Platforms are no longer required to disclose the data of crypto traders in America.

✔️ This is considered a victory for privacy in the world of digital currencies.

✔️ It may ease restrictions on innovation in DeFi and Web3 platforms.

✔️ But be careful:

💲 This does not mean that taxes have disappeared, but rather that the reporting burden is no longer on the brokers.

💵 The government may propose new rules later in a different format.

💥 The market hits a new record high after this decision!🔥🔥🔥