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U.S. Senate to Vote to Overturn IRS Crypto Broker Rule
- U.S. Senate to vote on resolution to reverse IRS DeFi tax rule, impacting the future of DeFi projects.
- Senator Ted Cruz leads effort to rescind the IRS's DeFi broker rule under the Congressional Review Act.
- White House plans a summit on cryptocurrency regulations on March 7.
- Resolutions aim to address burdensome regulations and reduce government interference in digital asset markets.
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