According to Crypto Rover, President Trump signed a resolution overturning an IRS rule that targeted decentralized finance (DeFi). This decision is anticipated to have significant implications for the DeFi sector, potentially increasing investor confidence and market activity by reducing regulatory uncertainty.

According to Crypto Rover, the US Senate is scheduled to vote this week on a potential repeal of the new IRS rule seen as anti-crypto. This development is considered bullish for the cryptocurrency market, suggesting a more favorable regulatory environment may be on the horizon. Traders should monitor the outcome as it could significantly impact cryptocurrency valuations and trading volumes.