{"id":153923,"date":"2025-03-27T13:20:14","date_gmt":"2025-03-27T11:20:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=153923"},"modified":"2025-03-27T13:13:49","modified_gmt":"2025-03-27T11:13:49","slug":"senate-overturns-crypto-tax-rule-as-trump-prepares-to-sign","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/senate-overturns-crypto-tax-rule-as-trump-prepares-to-sign\/","title":{"rendered":"Senate Overturns Crypto Tax Rule as Trump Prepares to Sign"},"content":{"rendered":"

The regulation<\/a><\/strong>, finalized in the final weeks of the Biden administration, sought to classify DeFi service providers as traditional brokers, requiring them to collect and report user transaction data.<\/p>\n

Critics argued the rule ignored blockchain\u2019s decentralized nature and would drive innovation offshore. Led by Sen. Ted Cruz and Rep. Mike Carey, the repeal measure gained bipartisan support, though mostly from Republicans.<\/p>\n

Crypto industry groups, including the DeFi Education Fund, had strongly opposed the regulation, filing lawsuits against the IRS.<\/p>\n