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The IRS DeFi Broker Rules have been officially abolished

星球日报
星球日报|4月 11, 2025 00:09
Odaily Planet Daily News: US President Trump has signed a bill announcing the formal repeal of the IRS (Internal Revenue Service) DeFi crypto broker rules, the first cryptocurrency bill signed into law by a president. Previously, the 2024 regulations classified DeFi platforms as brokers, which means they must submit 1099 IRS forms for their users. Trump once said that the rule "impedes American innovation" and "infringes the privacy of ordinary Americans".
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Timeline

5月 10, 04:04【Six regulations from the Biden administration's Department of Energy and CFPB have been abolished】
5月 09, 11:38【The Trump administration plans to repeal Biden's AI diffusion rules】
5月 09, 01:41【The Senate begins voting on stablecoin legislation】
5月 02, 18:45【Trump plans to replace DEI with a performance system】
4月 30, 21:47【The exemption from the US Environmental Protection Agency cannot be revoked under the CRA】
4月 29, 10:35【South Korea's ruling party will launch a crypto friendly framework】
4月 29, 10:20【South Korea's ruling party promises to approve spot cryptocurrency ETFs】
4月 29, 09:45【South Korean ruling party promotes spot cryptocurrency ETF trading】
4月 29, 04:02【South Korea plans to promote seven major cryptocurrency policies and open up spot ETF trading】
4月 29, 04:02【The National Power Party of South Korea announces seven new policies】

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