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.