Source: Cointelegraph Original: "{title}"

On Thursday (April 10), U.S. President Trump signed a joint resolution from Congress that overturns a regulation from the Biden administration requiring decentralized finance (DeFi) protocols to report relevant information to the U.S. tax authority—the IRS.

Under the original regulation, DeFi platforms, such as decentralized exchanges, were required to submit the total revenue from their cryptocurrency sales and provide detailed information about the participating traders.

Trump's signing of the bill was expected, as David Sacks, the White House's head of artificial intelligence and cryptocurrency, had clearly stated in March that the president would support the repeal of this measure.

This topic will continue to be updated, and we will provide further reports as more information is disclosed.

Related articles: Trump's tariff escalation exposes "deeper fractures" in the global financial system.

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