<ul><li>Decentralized finance crypto scored a major win in 2025. The US Senate voted 70-28 to scrap the IRS DeFi broker rule, a heavily criticized holdover from the Biden era.</li><li>The rule, many argued, threatened to suffocate innovation in a sector built on decentralization.</li><li>The repeal of the IRS DeFi broker rule sends a clear signal to the crypto industry that Washington is paying attention.</li><li>The IRS DeFi broker rule demanded tax reporting on gross crypto transaction proceeds and user data, which was seen as a bureaucratic overreach and a threat to innovation.</li></ul>

IRS DeFi: What You Need to Know About Crypto Taxes

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