US President Donald Trump Signs First Crypto-Related Bill Into Law; Report

Quick Summary:

US President Donald Trump has signed a joint resolution that will repeal an IRS rule affecting decentralized finance (DeFi) platforms.

This legislation, which has passed through both the Senate and the House, aims to prevent the IRS from enforcing tax reporting requirements on DeFi protocols.

Industry groups like the DeFi Education Fund have supported the resolution and called it a step toward more practical crypto policy in the United States.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaMaliUnited States

Topics: 24/7 Cryptocurrency News IRS Regulation News Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 03:02:58 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 27782521

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 25 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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