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The IRS DeFi Broker Rules have been officially abolished

星球日报
星球日报|Apr 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

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

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