US Senate Strikes Down IRS Crypto Rule With White House Support—DeFi Just Won a Huge Battle
March 7, 2025
The U.S. Senate overwhelmingly rejected an IRS crypto rule targeting DeFi, dealing a major blow to regulations critics say would cripple crypto innovation and threaten digital privacy.
Senate Overturns IRS DeFi Rule With a 70-28 Vote
The U.S. Senate passed a resolution on March 4, led by Senator Ted Cruz (R-TX), to overturn an Internal Revenue Service (IRS) rule that classified decentralized…
