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DeFi: Congress Crushes Controversial Crypto Broker Rule

  • The US Congress has overturned the Biden administration's 'broker' rule in a bipartisan vote.
  • This rule was heavily criticized for misunderstanding DeFi and threatening innovation.
  • The decision is a significant win for the crypto industry and a positive signal for crypto regulation.
  • The vote is a step forward, but a final vote is still required in the Senate before the resolution reaches Donald Trump's desk.

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