Donald Trump signs bill to nullify expanded IRS crypto broker rule

April 13, 2025

, By The Economic Times

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US President data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/donald-trump/profileshow/79057526.cms”>Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/decentralized-cryptocurrency-exchanges” target=”_blank”>decentralized cryptocurrency exchanges, according to a statement from the White House.

In the last weeks of the Biden administration in December, the IRS updated its crypto tax reporting rule that it had finalized earlier in 2024 to clarify that its new guidelines would also apply to decentralized finance – or DeFi – exchanges.

Both the House of Representatives and the Senate in…

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Donald Trump signs bill to nullify expanded IRS crypto broker rule

April 13, 2025

, Published By The Economic Times

US President data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/donald-trump/profileshow/79057526.cms”>Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/decentralized-cryptocurrency-exchanges” target=”_blank”>decentralized cryptocurrency exchanges, according to a statement from the White House.

In the last weeks of the Biden administration in December, the IRS updated its crypto tax reporting rule that it had finalized earlier in 2024 to clarify that its new guidelines would also apply to decentralized finance – or DeFi – exchanges.

Both the House of Representatives and the Senate in…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Google lays off hundreds of employees in Android, Pixel Group: Report

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M4 iPad Pro, USB-C Magic Mouse, iPhone 15 Pro, more 9to5Mac

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