<ul><li>The U.S. Senate has passed the Congressional Review Act (CRA) resolution aimed at repealing an Internal Revenue Service (IRS) rule imposing tax reporting requirements on decentralized finance (DeFi) platforms.</li><li>The resolution, introduced by Representative Mike Carey, passed with bipartisan support and now heads to President Donald Trump for his signature.</li><li>The White House has expressed strong support for the resolution, criticizing the Biden-era rule for stifling innovation, compromising taxpayer privacy, and burdening the DeFi sector.</li><li>If signed into law, the CRA measure would prevent the IRS rule from taking effect and allow DeFi platforms to operate without the proposed reporting requirements.</li></ul>

US Senate Passes Resolution Repealing IRS DeFi Rule, Now It Heads to Trump

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