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BREAKING: Trump Signs Bill To Kill IRS Crypto Broker Expansion

  • United States President Donald Trump has signed a law to overturn an IRS rule mandating decentralized crypto exchanges to comply with broker reporting obligations.
  • The bill nullifies a Biden-era regulation and was passed using the Congressional Review Act.
  • The revised IRS rule had been criticized by the cryptocurrency industry, as it imposed unrealistic compliance obligations on decentralized finance platforms.
  • The signing of the bill aligns with Trump's campaign promise to be pro-cryptocurrency and support the industry.

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