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Asedy21
@asedy21
Senate Repeals Crypto Tax Rule: The U.S. Senate voted 70-27 to repeal a Biden-era regulation that required decentralized finance (DeFi) platforms to report customer transactions to the IRS. This move, if enacted, would prevent similar future regulations and is projected to reduce federal revenues by $3.9 billion over the next decade. Regulatory Lawsuits Dropped: The Trump administration has terminated several regulatory lawsuits initiated under the previous administration. Cryptocurrency firms like Coinbase, Kraken, OpenSea, and Robinhood have benefited from the cessation of federal probes and enforcement actions against them.
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