List of Flash News about regulatory burden
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2025-03-11 22:42 |
House Rejects Biden-era DeFi Reporting Rule, Easing Developer Burdens
According to paulgrewal.eth, the House has rejected the Biden-era DeFi Reporting Rule, which was deemed unworkable and would have overwhelmed the IRS with billions of new 1099s. This decision significantly reduces the regulatory burden on DeFi developers, marking a pivotal moment for the cryptocurrency industry. The rule now awaits the President's signature. |