<ul><li>The U.S. House Ways and Means Committee has advanced a resolution to repeal the DeFi broker rule, a regulation requiring decentralized exchanges to report transaction details to the IRS.</li><li>Critics argue the regulation is impractical, as decentralized finance platforms do not collect the user data necessary for compliance.</li><li>The repeal effort gained momentum among lawmakers seeking to promote a crypto-friendly regulatory environment, as enforcing the regulation could push crypto businesses away from the U.S.</li><li>The push for repeal reflects a broader shift in U.S. crypto policy under the Republican-controlled Congress and the expectation of reduced regulatory restrictions.</li></ul>

US Lawmakers Push to Repeal Controversial DeFi Broker Rule

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