Trump kills DeFi broker rule in major crypto win: Finance Redefined

In a significant win for decentralized finance (DeFi) protocols, US President Donald Trump overturned the Internal Revenue Service’s DeFi broker rule, which would have expanded existing reporting requirements to include DeFi platforms.

Increasing US crypto regulatory clarity will attract more tech giants to the space, requiring existing crypto projects to focus on more collaborative tokenomics to survive, according to Cardano founder Charles Hoskinson.

Trump signs resolution killing IRS DeFi broker rule

Trump signed a joint congressional resolution…