Washington Makes A Strong Gesture Towards Crypto
11h05 ▪
3
min read ▪ by
There are moments when politics and tech clash head-on. And this time, it’s crypto that has won a decisive round in Washington. The IRS rule on “brokers” of digital assets, which was set to come into effect in 2025, has just been completely swept away. The Senate voted for its repeal, and Donald Trump is expected to put his signature on it, like a final stamp on a rule that no one really wanted to enforce.
The IRS: an unenforceable rule from the start
At first glance, the idea might have seemed logical: requiring all entities facilitating digital asset sales to…
