The IRS had included decentralized cryptocurrency exchanges (DEX) as brokers until Trump signed a law to revert this change, exempting DEXs from IRS regulations.
This move by Trump is seen as another crypto-friendly decision by the president.
Exempting DEXs from being classified as brokers simplifies operations and innovation for these platforms.
This favorable regulatory climate is expected to boost trading volumes on DEXs.
Three new cryptos that could benefit from the DEX market growth are MIND of Pepe ($MIND), BTC Bull Token ($BTCBULL), and PepeX ($PEPX).
$MIND of Pepe uses AI technology to provide investment advice and is predicted to gain nearly 710% by 2030.
BTC Bull Token offers free Bitcoins during Bitcoin milestones and follows a deflationary model to increase its price.
PepeX is the first AI-powered no-code launchpad for meme coins, enabling non-tech-savvy users to create and manage meme coins easily.
Investors are advised to only invest what they can afford to lose and conduct thorough research before investing in presales.
Financial advice from a qualified professional is always recommended.