Tag: congress

On April 10, 2025, President Trump signed legislation that caused many crypto market participants to panic. The bill would have, in practice, nullified the new digital asset reporting obligations for decentralized finance (DeFi) brokers. Such obligations had previously been established under Section 80603 of the Infrastructure Investment and Jobs Act...

The ink has hardly dried on the legislation, and already the champagne corks are popping in the DeFi universe. As a compromise, Congress did roll back the new digital asset reporting obligations for many DeFi brokers. Yet this move is being heralded as a breakthrough, a spark for innovation. If...