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White House Takes Stand Against IRS DeFi Broker Rule—Crypto Win?

  • The White House supports repealing the IRS DeFi Broker Rule, easing burdens on DeFi developers and crypto platforms.
  • The White House expresses support for a Congressional Review Act (CRA) resolution to overturn the IRS broker rule for DeFi.
  • The rule imposed reporting obligations on DeFi developers and infrastructure providers.
  • Senate vote on the CRA resolution could influence future U.S. crypto regulations and market response to DeFi policies.

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