<ul><li>The US House voted to repeal the IRS DeFi broker rule, preventing strict data collection on decentralized finance platforms.</li><li>Lawmakers also focused on stablecoin regulations, discussing the STABLE Act and stricter oversight for foreign stablecoin issuers under the GENIUS Act.</li><li>The IRS DeFi broker rule, classified DeFi platforms and crypto entities as brokers, which would have required detailed reporting of user transactions for taxation.</li><li>The US House dismantled the IRS regulation, while the Financial Services Committee discussed the STABLE Act and the GENIUS Act to regulate stablecoins and promote financial access.</li></ul>

US House Votes Against IRS DeFi Rule While Stablecoin Framework Develops

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