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Trump Signs Bill to Nullify Expanded IRS Crypto Broker Rule

  • President Trump signs bill repealing IRS crypto broker rule, benefiting DeFi platforms.
  • IRS devised a rule to redefine brokers to include decentralized crypto exchanges, which was met with criticism.
  • Congress passed a bill to repeal the IRS rule, preventing future crypto regulations without Congressional approval.
  • President Trump's signature blocks the IRS rule and establishes support for digital assets.

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