<ul><li>The IRS’ DeFi rule, proposing stricter tax reporting, is set to be repealed after US Senate voted 70-28 in favor.</li><li>This move is welcomed by cryptos like Best Wallet Token and DeFi protocols.</li><li>The rule required DeFi platforms to share taxpayers' details, which was criticized as impractical.</li><li>The US administration, including David Sacks, supported the repeal, now awaiting Trump's approval.</li><li>Trump also advocated for simple rules on stablecoins, coinciding with his firm's forthcoming stablecoin launch.</li><li>Wyoming plans to launch the first state-issued stablecoin, Wyoming Stable Token ($WYST).</li><li>Ripple introduced $RLUSD, a native stablecoin, aiming to bridge traditional finance and blockchain sectors.</li><li>Using non-custodial wallets like Best Wallet becomes crucial as the IRS considered custodial wallets as brokers.</li><li>$BEST, the native coin of Best Wallet, targets dominance in the crypto wallet market with benefits for holders.</li><li>$BEST presale has attracted considerable investor interest, offering rewards and staking opportunities.</li></ul>

IRS Defi Rule Repeal Great For Best Wallet Token And New Cryptos

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