🇺🇸 TRUMP SIGNS REPEAL OF IRS DEFI LAW

⭐ The U.S. Treasury has withdrawn regulation TD 10021, which previously required crypto platforms, including DeFi, to report user transactions to the IRS (tax agency).

⭐ This regulation was criticized because DeFi platforms do not store data or control wallets, making compliance impossible.

⭐ Congress strongly opposed it, using the Congressional Review Act to nullify the rule, and President Trump signed it to officially repeal it.

⭐ The regulation no longer applies to DeFi, but centralized exchanges like Coinbase and Binance US must continue to report.

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