Trump signs bill loosening cryptocurrency regulations

President Trump on Thursday signed into law a bill that loosens cryptocurrency regulations by shielding decentralized finance (DeFi) exchanges from IRS requirements that such platforms be treated as brokers and that they track and report user activity.

The bill reverses a rule implemented in the final weeks of the Biden administration, which required the IRS to strengthen its crypto tax reporting guidelines to expand to DeFi exchanges.

The cryptocurrency community slammed the revised rule saying it unfairly constricted activity on DeFi platforms. They called on Republican lawmakers to rescind the rule.

https://www.washingtontimes.com/news/2025/apr/10/trump-signs-bill-loosening-cryptocurrency-regulations/