According to Eleanor Terrett, the Senate has passed the Congressional Review Act (CRA) to nullify the IRS decentralized finance (DeFi) broker rule for the second time with a final vote of 70-28. This decision now moves to the desk of the President for approval. Traders in the DeFi market should closely monitor this development as it may significantly impact regulatory conditions and trading operations. The nullification of this rule could ease regulatory burdens on DeFi brokers, potentially increasing market activity and liquidity.

According to @JohnBoozman, Chairman of the @SenateAg Committee, the cryptocurrency market has rebounded significantly, indicating a robust recovery and expansion. This suggests potential trading opportunities as market confidence strengthens, marking an important phase for investors to reassess their portfolios based on current regulatory and economic conditions.