The IRS’s DeFi broker rule should serve as a warning: until there is a workable framework in place, regulators will continue attempting to impose harsh rules on a technology they barely understand.

I n a landmark decision, President Donald Trump has signed a resolution that overturns the 'DeFi Broker Rule' introduced during the Biden administration. This rule was set to take effect in 2027 ...

The recent Internal Revenue Service (IRS) reporting rule designating decentralized finance (DeFi) front-ends as brokerages has sent shockwaves through the crypto industry. Alex Thorn, the head of ...

Trump signs first crypto law, repealing IRS DeFi rule that critics say threatened privacy and innovation in the U.S. Author: Anushka Basu. Publish date: Apr 11, 2025 11:38 AM EDT.

The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS). The Senate voted 70 to ...

The Blockchain Association and 75 members have petitioned Congressional leaders to repeal a recent Internal Revenue Service (IRS) regulation that threatens to drive the U.S. decentralized finance ...

The IRS finalized one such rule, imposing certain data collection requirements on decentralized finance (DeFi) brokers, in the waning days of the former Joe Biden administration.

Set to take effect in 2027, the so-called IRS DeFi broker rule would have expanded the tax authority’s existing reporting requirements to include DeFi platforms, requiring them to disclose gross ...

P resident Donald Trump has finalized the cancellation of a proposed rule that would have obliged decentralized finance (DeFi) platforms to submit user transaction records to the IRS. The rule ...