President Donald Trump signs first US crypto regulatory bill into law
- President Donald Trump has officially become the first US president to sign a crypto bill into law.
- The new law prevents the IRS from demanding tax returns from decentralized service providers.
- The bill received bipartisan support before reaching the President’s desk.
President Donald Trump signed a bill on Thursday that repeals the Internal Revenue Service’s (IRS) DeFi broker rule in the United States (US), preventing DeFi platforms from submitting the tax information of their users.
President Trump signs law to repeal IRS DeFi broker rule
US President Donald Trump signed a bill into law, overturning an IRS rule introduced during the Biden administration.
This marks Trump’s first legislative action on crypto regulations…
