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Relief for Crypto: Trump Vetoes IRS Broker Reporting Rule in Landmark Victory

BitcoinWorld LogoBitcoinWorld6d ago

Relief for Crypto: Trump Vetoes IRS Broker Reporting Rule in Landmark Victory - BitcoinWorld

Quick Summary:

In a significant win for the cryptocurrency industry, former U.S.

President Donald Trump has signed a joint resolution to repeal a contentious Internal Revenue Service (IRS) rule targeting crypto brokers.

This move, championed by Republican Senator Ted Cruz and Representative Mike Carey, effectively nullifies the “DeFi Broker Rule,” a regulation that had sparked considerable debate and opposition within the digital asset space.

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Relief for Crypto: Trump Vetoes IRS Broker Reporting Rule in Landmark Victory - BitcoinWorld (Picture 1)

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Article Details

Author / Journalist: Editorial Team

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 07:15:21 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 614 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 27784748

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About BitcoinWorld

BitcoinWorld Logo

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 60 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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: #121

Publisher Details

Frequently Asked Questions

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The story "Relief for Crypto: Trump Vetoes IRS Broker Reporting Rule in Landmark Victory" has 614 words across 31 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story "Relief for Crypto: Trump Vetoes IRS Broker Reporting Rule in Landmark Victory" was covered 6 days ago by BitcoinWorld, a news publisher based in India.

How trustworthy is 'BitcoinWorld' news outlet?

BitcoinWorld is a fully independent (privately-owned) news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 60 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27784748
  • URL: https://chronographically.beamstart.com/news/relief-for-crypto-trump-vetoes-17443568374049

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