Donald Trump signs bill to nullify expanded Internal Revenue Service crypto broker rule
US President Donald Trump on Thursday (April 10) signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralised cryptocurrency exchanges, according to a statement from the White House.
In the last weeks of the Biden administration in December, the IRS updated its crypto tax reporting rule that it had finalised earlier in 2024 to clarify that its new guidelines would also apply to decentralized finance – or DeFi – exchanges.
US President Donald Trump on Thursday (April 10) signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralized cryptocurrency exchanges,…
