Trump has just signed a resolution to repeal IRS DeFi broker regulations, which is big news for decentralized financial projects like Curve! Suddenly feel that CRV is 7-21 times more competitive than HYPE 👀 This regulation introduced during the Biden administration was originally intended to treat DeFi platforms as "brokers", requiring them to collect user transaction data like traditional financial institutions and report this data to the IRS. It's like tracking the total revenue from cryptocurrency sales and linking the wallet address to the real identity. But many people feel that this is simply not feasible for DeFi, an automated and unguarded system. For decentralized exchanges like Curve that focus on stablecoin trading, abolishing this regulation has the following impacts: 👉🏻 No need to engage in KYC: Curve doesn't need to force the Know Your Customer (KYC) process. Because its smart contract does not collect user information, it is really troublesome to conduct KYC. 👉🏻 Business as usual: The platform can continue to maintain a decentralized model without having to make major structural changes to comply with centralized tax reporting requirements, so that users' privacy and autonomy can be preserved. 👉🏻 Innovation bonus points: Save costs and technological changes required to comply with regulations, Curve Resources can be used to develop new features, such as launching new funding pools or cross chain integration, which may run faster. 👉🏻 Market Confidence UP: This repeal makes the regulatory environment in the United States appear more friendly towards DeFi, which may attract more users and funds, as investors and developers may feel that the risk is not as high. Community discussion 👉🏻 https://t.me/curveficn