With a signature from President Donald Trump, the decentralized financial (DeFi) corner of the crypto sector is now freed from U.S. Internal Revenue Service demands that such platforms be treated as brokers and required to track and report user activity.
That narrowly focused IRS rule, approved in the final days of former President Joe Biden's administration, has been formally struck down, and the agency is prevented from pursuing anything like it, according to the Congressional Review Act power used by lawmakers to get rid of the tax regulation.
Though the issue was relatively limited, its completion marks the first time a pro-crypto effort has cleared the U.S. Congress.
Both the Senate and House of Representatives agreed to reverse the IRS action with strong bipartisan showings, further underlining the crypto sector's strength in this Congress. That could bode well for the industry's chances with other more wide-ranging matters, including legislation to regulate stablecoin issuers and to set market rules for crypto transactions.
Trump's signature on the DeFi tax resolution puts that concern for DeFi in the rearview. The next crypto priority in Congress has been stablecoin legislation. Similar bills have passed relevant committees in both the House and Senate and are awaiting floor votes in each chamber. Approvals would start a process to meld the two efforts into one compromise version.
The president has called for a bill to arrive on his desk by August, and the lawmakers behind the legislation have said such a timeline is still possible.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。