Trump Signs Resolution Overturning IRS DeFi Reporting Rule

US President Donald Trump signed a joint Congressional resolution on April 10 that effectively overturns a Biden-era regulation requiring decentralized finance (DeFi) platforms to report their transactions to the Internal Revenue Service (IRS). This rule, which would have forced crypto exchanges and other platforms offering DeFi services to file information regarding crypto sales and participants in transactions, was set to be implemented during the Biden administration. The resolution is expected to significantly impact how DeFi platforms operate with regards to tax reporting.