<ul><li>The U.S. House of Representatives has voted with a clear majority to reverse IRS regulations that define crypto entities and DeFi platforms as brokers.</li><li>The DeFi community strongly supports the repeal of this IRS rule due to fears of its negative impact on U.S. innovation and privacy.</li><li>The rule, which requires DeFi platforms to gather tax information like traditional brokers, could lead to U.S. companies moving overseas to avoid compliance burdens.</li><li>Industry groups challenged the IRS rule, arguing that it would stifle DeFi innovation and create an unprecedented compliance burden.</li></ul>

U.S. House Votes to Overturn IRS Rule on DeFi Platforms

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