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Controversial DeFi Broker Law Voted Down by U.S. Senate

Home » News » Americas » Law » Controversial DeFi Broker Law Voted Down by U.S. Senate

Controversial DeFi Broker Law Voted Down by U.S. Senate

Philip Maina 06/03/2025 09:22

Reading Time: 2 minutesThe U.S. Senate has voted 70-27 to repeal an IRS rule expanding tax reporting requirements to decentralized finance (DeFi) platforms The rule, introduced during the Biden administration, aimed to classify DeFi platforms as brokers, obligating them to report user transactions to the IRS The repeal measure now moves to the House of

FullCrypto
Reading Time: 2 minutesThe U.S. Senate has voted 70-27 to repeal an IRS rule expanding tax reporting requirements to decentralized finance (DeFi) platforms The rule, introduced during the Biden administration, aimed to classify DeFi platforms as brokers, obligating them to report user transactions to the IRS The repeal measure now moves to the House of Representatives and…
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