US Senate cleans resolution to kill the IRS controversial rule of Defrais

The Warding Rule for the Washing The Interior Income Service Rules for the targeting of decentralized finance platforms cleaned the Senate, by setting the phase for the expected sign-in president.

26. Marta, Senate voted 70-28 In favor of abolishing the controversial rule of the defiot broker, which sought to expand the requirements for tax reporting for companies in the sector.

Earlier this month, a home representative passed the resolution With bipartizan support, with the republican representative of Mike Carei, vocal criticism of the law, calling it “Huge government transfer” that would endanger the privacy of American citizens and distracted the growth in the industry.

Now the resolution moves towards the President Donald Trump’s table for final approval. David bags, crypto and AI advisor of the White House, has previously confirmed Administration supportAnd Trump is expected to sign it in law.

The rules, initially proposed by the IRS and the Ministry of Finance in December 2024. years, they would require that the deficiency of the user reports – especially, gross cropto sales and IRS, similar to traditional brokers.

This would include the collection and submission of personal data of users involved in these transactions, which critics say the nature of decentralization and raises unnecessary pressure on platforms that often do not have central operators.

The abolition supporters claim that the rule in practice is undisputed and can drive innovations from the US

Blickchain Association, Digital Property Advocations Group, together with Texas BlockChain Council, sued The IRS was last year.

Marisa Coppel, Head of Legal Associations, criticized regulators in a joint statement, claiming that the IRS and treasury “went over their statutory powers in the expansion of the definition of” Broker “.

“Not only this violation of the right to privacy of individuals who benefit decentralized technology, it would push the entire, breaking up technology on Shore,” he added.