US lawmakers are advancing efforts to repeal the controversial ‘DeFi broker rule’ that mandates digital asset brokers report transactions to the IRS, arguing it threatens financial innovation and imposes excessive burdens on decentralized exchanges. The House Ways and Means Committee’s resolution, if passed, would prevent the rule from taking effect in 2027, with proponents claiming it unfairly advantages foreign crypto firms. Industry leaders are optimistic about a shift towards a more supportive regulatory environment for digital assets in light of recent developments.
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0 posts last weekCrypto Conference Organizers Seek Kamala Harris for Speaking Engagement
Billionaire Mike Novogratz is advocating for Democratic nominee Kamala Harris to speak at an upcoming crypto conference, with the aim of mainstreaming crypto in U.S. politics. The conference organizers are also in talks to host Republican and Democratic politicians, including pro-crypto Democrats, but it’s unlikely that Harris could have attended the event given the recent transition of President Joe Biden.
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