Trump Signs First Crypto Bill Into Law: Impact on DeFi Regulation

U.S. President Donald Trump signed a landmark bill repealing an IRS rule targeting Decentralized Finance (DeFi) platforms, marking the first time such legislation has been enacted by a U.S. president. The bill, spearheaded by Representatives Mike Carey and Senator Ted Cruz, aims to remove unnecessary compliance burdens on DeFi platforms, signifying a pro-crypto stance from the administration. This move signifies a shift towards clearer regulatory policies in the DeFi space.