Trump signs bill to nullify expanded IRS crypto broker rule \ stacker news ~Politics_And

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Trump signs bill to nullify expanded IRS crypto broker rule www.reuters.com/world/us/trump-signs-bill-nullify-expanded-irs-crypto-broker-rule-2025-04-11/

675 sats \ 4 comments \ @k00b 11 Apr Politics_And_Law

without paywall: https://archive.is/ERLUL

U.S. President Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralized cryptocurrency exchanges, according to a statement from the White House.

In the last weeks of the Biden administration in December, the IRS updated its crypto tax reporting rule that it had finalized earlier in 2024 to clarify that its new guidelines would also apply to decentralized finance - or DeFi - exchanges.

Easy come, easy go with all these laws apparently.

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196 sats \ 0 replies \ @elvismercury 11 Apr

Good illustration of why people shouldn't get complacent - what is easily given can be easily taken, esp in the environment we may be inhabiting in ~4 years when the blood hunt is in full swing.

137 sats \ 2 replies \ @Satosora 11 Apr

Seems like trump only has to wave his large marker and stuff happens. We will have to wait to see if it helps or hurts the usa.

10 sats \ 1 reply \ @gmd 11 Apr

Yup, and I'm not feeling great about it...

21 sats \ 0 replies \ @Satosora 11 Apr

It all depends on the side you are on. Not political side, just the side of the decision made.