President Donald Trump signed a resolution repealing an IRS rule requiring cryptocurrency brokers to report user data, marking the first time a U.S. president has signed cryptocurrency legislation into law. The move comes after strong bipartisan opposition to the regulation finalized in the final days of the Biden administration. “,The now-repealed rule, which aimed to track transactions and reporting for digital asset users on platforms like DeFi protocols, drew criticism from both Democrats and Republicans. The new measure ends a rule that treated decentralized finance players as traditional broker equivalents, requiring them to collect user data in the same manner as traditional securities customers. This is a significant development in the crypto space.