US Senate Overturns IRS Rule Against DeFi and Crypto
The US Senate discussed the IRS crypto tax rule previously implemented by the Biden administration last Tuesday. This IRS broker rule required developers to collect, store and report personal identifying information of millions of Americans and hand it over to the IRS. In a 70-27 vote turnout, the decision was to overturn crypto-related regulations. This … US Senate Overturns IRS Rule Against DeFi and Crypto