Trump Overturns Crypto Tax Rules: Impacting DeFi Innovation

President Trump’s recent action repeals IRS crypto tax rules enacted during the Biden administration, signaling a shift in US regulatory approach to cryptocurrency. The repeal, backed by bipartisan support, aims to promote privacy and innovation while reducing compliance burdens for DeFi projects. Notably, it marks the first time the Congressional Review Act has been used to overturn a crypto-specific tax regulation in the United States. )