Trump Signs Landmark Crypto Bill, Repeals IRS DeFi Broker Rule
What Was the IRS DeFi Broker Rule? This rule required decentralized finance (DeFi) platforms to report their users’ transactions to the IRS. It also attempted to redefine who constitutes a “broker” in DeFi, which included a number of software developers and participants in protocols. The rule caused concern regarding privacy, innovation, and regulatory burden. Many … Read more