IRS repeal of those totally smothering DeFi broker rules? This decision isn’t merely a win — it’s an unequivocal declaration of independence for the future of crypto innovation. Never mind the doom and gloom on tax evasion. This isn’t just about unlocking the promise of decentralized finance, but quite honestly,...
The IRS is doing its job. No one argues with that. We can agree that they need to collect taxes, and that everyone should pay their fair share of taxes. When I see a case like Waylon Wilcox, who pled guilty to not reporting over $12 million in income from...
Senator Ted Cruz is currently leading the most aggressive effort in favor of cryptocurrency in the history of the U.S. Senate. He recently led the charge for FEIC’s repeal of the IRS’s misguided ‘DeFi broker rule.’ In order to do so, he introduced a bill under the Congressional Review Act....
In an unexpected turn of events former U.S. President Donald Trump signed a congressional resolution into law. This move is seen as a key victory against the IRS’s unpopular DeFi broker rule, sending shockwaves across the cryptocurrency community. This decision marks a significant shift in the regulatory reality for decentralized...
The landscape of Decentralized Finance (DeFi) is rapidly changing, and recent political developments are making things even murkier. As BlockTraderHub.com, your go-to source for crypto intelligence, we're here to break down the potential implications of Donald Trump's stance on crypto regulation, particularly concerning a recently overturned IRS rule targeting DeFi....
In a landmark victory for the crypto industry, President Trump has signed a down res. This move is a de facto repeal of an IRS regulation that would require Decentralized Finance (DeFi) platforms strict and costly reporting burdens. Crypto proponents and developers alike are rejoicing over the decision. It’s all...
On April 10, US President Donald Trump signed a joint congressional resolution. This new law would largely accomplish the goal of reversing the IRS’s wildly unpopular DeFi broker rule. This move, if made permanent, would commensurately prevent the Treasury Department from implementing expansive reporting requirements for DeFi platforms and services....
