Trump Signs Landmark Crypto Law, Repeals Biden-Era IRS Rule Targeting DeFi Platforms

In a landmark move for the cryptocurrency sector, President Donald Trump has signed into law a resolution overturning a controversial IRS rule introduced under his predecessor Joe Biden.
What Happened: The regulation in question required decentralized finance platforms to adhere to the same taxpayer reporting standards as traditional financial intermediaries.
This marks not only Trump’s first crypto-related legislative action but also the first time a sitting U.S. president has signed a crypto-specific bill into law.
The bill nullifies the IRS’s proposed DeFi broker rule, which had drawn fierce criticism from industry players and lawmakers alike for its impractical demands and …Full story available on Benzinga.com

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