The U.S. Senate has voted to overturn the controversial DeFi Broker Rule, which required decentralized platforms to collect KYC data. This decision follows a similar resolution passed by the House of Representatives earlier in the year. The rule, introduced by the IRS, aimed to classify DeFi platforms as brokers, despite their decentralized nature. This move sparked backlash from the blockchain community and ignited a long-standing feud between former President Trump and the IRS. [Read more about the debate here: https://www.voiceofcrypto.com/trump-sets-sights-on-irs-as-senate-overturns-pivotal-tax-rule] . The decision has been met with mixed reactions, but could significantly reshape crypto taxation in the U.S. The IRS now faces the challenge of adapting its approach to crypto regulation.