Today, President Trump signed into law House Joint Resolution 25, legislation to disapprove of the decentralized finance-focused portion of the Treasury Department’s Internal Revenue Service’s (IRS) Broker Rule “‘Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales,” which would have had devastating effects on DeFi technology in the United States. With President Trump’s signature, the rule is officially disapproved and voided, and th...
