<ul><li>DeFi protocols might no longer report to American tax authorities after the US Senate repealed the IRS “broker” rule.</li><li>Market observers believe that US President Donald Trump will issue a resolution overturning the Biden-era policy on DeFi protocols.</li><li>The Senate voted 70-28 to pass legislation revoking the IRS DeFi broker rule, which required DeFi to comply with IRS reporting requirements.</li><li>The DeFi Education Fund praised American lawmakers for passing the landmark legislation and is looking forward to Trump's signature to officially protect DeFi innovators in the United States.</li></ul>

IRS DeFi Rule Gets Axed—A Major Win For Crypto?

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