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IRS DeFi Rule Gets Axed—A Major Win For Crypto?

Bitcoinist LogoBitcoinist2d ago

IRS DeFi Rule Gets Axed—A Major Win For Crypto? - Bitcoinist

Quick Summary:

Decentralized finance (DeFi) protocols might no longer report to American tax authorities after the US Senate repealed the IRS "broker” rule.

Many analysts believe that US President Donald Trump will issue a resolution in the upcoming weeks adopting the Senate’s legislative action and overturning the Biden-era policy on DeFi protocols.

It is a move seen by many market observers that will greatly benefit DeFi protocols and their users, repealing a policy that crypto players claimed was “unworkable.

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IRS DeFi Rule Gets Axed—A Major Win For Crypto? - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 12:00:01 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 27399615

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

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The story "IRS DeFi Rule Gets Axed—A Major Win For Crypto?" has 493 words across 31 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "IRS DeFi Rule Gets Axed—A Major Win For Crypto?" was covered 2 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 11 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #27399615
  • URL: https://chronographically.beamstart.com/news/irs-defi-rule-gets-axeda-17432504665169

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