US Senate passes resolution to kill ‘unworkable’ IRS DeFi broker rule
The resolution repealing the IRS rule will need to pass the House and, if successful, will be sent to US President Donald Trump, who has signaled he’ll support killing the rule.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The resolution repealing the IRS rule will need to pass the House and, if successful, will be sent to US President Donald Trump, who has signaled he’ll support killing the rule.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
CLARITY Act Nears Senate Showdown: Crypto’s Long Wait for US Rules Reaches a Critical Vote
For cryptocurrency businesses waiting for Washington to settle how their industry should be regulated, the next hurdle comes down...
BNB Chain surpasses Solana in DeFi TVL as race for second place tightens
The tight race for DeFi TVL highlights a fragmented landscape, emphasizing the volatility and competitive dynamics among blockchai...
Why Trump Backed Tougher Ethics Rules in Clarity Act, and Why the Crypto Industry Thinks It Can Pass
Republicans' "last, best and final offer" wins Trump's backing on stronger ethics rules and concedes on DeFi and stablecoin sticki...
White House Agrees to Major Crypto Ethics rules in a last-minute push to save the CLARITY Act
Senate Republicans have released another round of revisions to the CLARITY Act as they seek Democratic support ahead of a Septembe...
Solana surpasses NASDAQ and NYSE combined with $200M tokenized equity volume in a single day
Solana's rise in tokenized equity trading highlights blockchain's potential to disrupt traditional financial markets with 24/7 acc...
Solana News: Tokenized-Stock Footprint Passes 800,000 Addresses
Solana’s tokenized stockholder addresses climbed to 801,439 by the end of last week, up 88% from 424,894 at the start of the month...