Curated News
By: NewsRamp Editorial Staff
April 17, 2025
Trump Signs Bill Nullifying IRS Crypto Broker Rule
TLDR
- Trump's measure benefiting decentralized crypto exchanges overturns IRS rule, giving them advantage in regulations.
- Trump signed measure nullifying IRS rule expanding 'broker' definition to include decentralized crypto exchanges.
- Revoking controversial IRS rule promotes supportive regulations for crypto exchanges, promising a better future.
- Trump's action brings change to crypto regulations, impacting decentralized exchanges positively and creating a more supportive environment.
Impact - Why it Matters
This news matters as it highlights the impact of government regulations on the cryptocurrency industry and the importance of clear definitions to avoid confusion and ensure a supportive environment for businesses.
Summary
President Donald Trump recently signed a measure overturning a controversial IRS rule that would have expanded the definition of “broker” to include decentralized crypto exchanges. Entities like Bit Digital Inc. (NASDAQ: BTBT) will look at the policy direction so far enacted by the federal administration and look forward to an even better future anchored upon supportive regulations that…
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Trump Signs Bill Nullifying IRS Crypto Broker Rule
