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Trump Targets IRS DeFi Rule — 70 Senators Back Repeal as Sacks, Smith, and Doggett Speak Out
The IRS DeFi broker rule, introduced during the Biden administration, was once designed to extend IRS tax reporting essential to DeFi platforms, consisting of decentralised exchanges (DEXs). This meant that platforms facilitating crypto transactions would need to report gross proceeds from sales and provide transaction details. However, after the refusal from the crypto industry and […]
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