Trump Signs Bill Nullifying Expanded IRS Crypto Broker Rule
President Donald J. Trump signed H.J.Res.25 into law, nullifying an IRS rule that would have expanded cryptocurrency broker reporting requirements to include decentralized finance (DeFi) exchanges. The Congressional Review Act was used to reverse the Biden-era regulation, with the House passing the bill 292-132 and the Senate passing 70-28.
Key Actors
Sources (4)
- Carey Bill to Eliminate Burdensome IRS DeFi Crypto Broker Rule Signed into Law (2025-04-10)
- President Trump Signs Ways & Means Resolution Overturning Biden Administration's Burdensome IRS DeFi Broker Rule (2025-04-10)
- Trump Signs Bill Blocking IRS Crypto Tax Rule Biden Pushed (2025-04-11)
- Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi (2025-04-10)
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