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Trump Signs Bill Repealing IRS DeFi Broker Rule in Crypto Industry Win
- US President Donald Trump signed a bill repealing the IRS's 'DeFi Broker Rule'.
- The rule sought to require decentralized finance platforms to report user transaction data to the IRS.
- Critics argued that the rule was incompatible with how decentralized platforms operate.
- The repeal is seen as a win for innovation and taxpayer privacy in the crypto industry.
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