Trump Signs Law Repealing IRS DeFi Reporting Rule, Easing Regulations for Crypto Devs

President Donald Trump has signed the first crypto-related bill into law, a landmark move in U.S. digital asset regulation. This legislation repeals a controversial IRS rule that targeted decentralized finance platforms with strict tax reporting obligations. The repeal was passed with bipartisan support, aiming to ease regulatory burden on DeFi developers and promote innovation.