A bipartisan effort to restrict the sale of Americans’ personal data by brokers has stalled in the Senate after Senator Ted Cruz objected to the legislation, blocking its passage under unanimous consent procedures. The bill, introduced by Senator Ron Wyden, aimed to prevent data brokers from selling sensitive information that could expose individuals to stalking, harassment, or violence, with Wyden arguing that protections should apply universally rather than just to lawmakers. Cruz was the only senator to oppose the measure, citing concerns about potential impacts on law enforcement’s ability to track sex offenders, though he provided no concrete examples of how the legislation would hinder such efforts.
about Senate Data Privacy Bill Blocked by Cruz Over Law Enforcement ConcernsTed Cruz
0 posts last weekCruz Blocks Bipartisan Data Privacy Bills, Citing Law Enforcement
Republican Senator Ted Cruz has single-handedly blocked two bipartisan data privacy bills designed to protect Americans’ personal information from data brokers, creating a significant roadblock in Congress’s efforts to establish comprehensive digital privacy protections. The Texas senator argued the legislation could hinder law enforcement’s ability to track criminals and requires further refinement before passage, setting up a classic confrontation between privacy rights and security interests that has stalled similar efforts for years.
about Cruz Blocks Bipartisan Data Privacy Bills, Citing Law EnforcementCruz Pushes US as Africa’s Energy Alternative to China
Texas Senator Ted Cruz has positioned the United States as Africa’s strategic energy partner, offering an alternative to Chinese dominance in the continent’s energy sector. The Texas senator pledged deeper American investment during discussions with African energy leaders. This move signals a significant shift in US-Africa energy diplomacy.
about Cruz Pushes US as Africa's Energy Alternative to ChinaTrump Repeals IRS Crypto Rule, Easing DeFi Reporting
Former President Donald Trump has overturned a contentious IRS rule that would have imposed stringent reporting requirements on decentralized finance (DeFi) platforms, treating them like traditional brokers. The rule, introduced under the Biden administration, faced bipartisan criticism for stifling innovation in the $2 trillion crypto sector. Trump’s repeal, backed by Republicans and some Democrats, reflects growing skepticism of heavy-handed federal oversight in blockchain technology. Advocates hailed the decision as a win for sensible crypto policy, while critics viewed the original rule as an impractical overreach. The repeal marks the first crypto-specific legislation signed into U.S. law.
about Trump Repeals IRS Crypto Rule, Easing DeFi ReportingTrump Repeals IRS DeFi Broker Rule in Crypto Win
President Donald Trump signed a bill repealing the IRS’s DeFi Broker Rule, which sought to impose tax reporting requirements on decentralized finance platforms. The rule, introduced under the 2021 Infrastructure Act, aimed to classify DeFi developers as brokers, requiring them to report user transactions—a move critics argued was unfeasible and harmful to innovation. The repeal, backed by Republicans like Rep. Mike Carey and Sen. Ted Cruz, prevents similar regulations without new legislation. The Trump administration has signaled a broader shift in crypto policy, scaling back SEC enforcement and fostering industry engagement. This decision reflects growing Republican support for deregulation in crypto markets.
about Trump Repeals IRS DeFi Broker Rule in Crypto WinSenate Votes to Repeal IRS Rule on Decentralized Finance Regulation
The U.S. Senate passed a bipartisan resolution to deregulate IRS oversight of the decentralized finance (DeFi) sector, with a 70-27 vote led by Senator Ted Cruz. The IRS rule, which aimed to classify DeFi trading services as “brokers” and impose compliance requirements, faced criticism for threatening the decentralized nature of the industry.Supporters of the repeal, including the Blockchain Association and Coinbase, view this as a significant step toward fostering innovation in blockchain finance. The resolution now awaits approval from the House of Representatives and the President to solidify DeFi’s legal standing in the U.S.
about Senate Votes to Repeal IRS Rule on Decentralized Finance RegulationWhite House Backs Efforts to Repeal Controversial Broker DeFi Rule
The White House has expressed support for a Congressional Review Act resolution aimed at repealing the recently finalized Broker DeFi Rule, which broadens the definition of a “broker” in the crypto sector. Critics argue that this rule imposes unrealistic reporting requirements on decentralized finance platforms, potentially stifling innovation and pushing crypto development overseas. Senator Ted Cruz and Representative Mike Carey, who introduced the resolution, label the rule an “unacceptable overreach” that threatens both businesses and consumers.
about White House Backs Efforts to Repeal Controversial Broker DeFi RuleSenate Approves Resolution to Repeal IRS Crypto Broker Rule
A U.S. Senate resolution to eliminate a Biden administration crypto tax rule, which would have expanded the IRS’s broker definition to include decentralized finance (DeFi), passed with strong bipartisan support, 70-27. Senator Ted Cruz, who sponsored the resolution, criticized the rule as an “incoherent” overreach, arguing it unfairly targeted software developers. The House must now approve a matching resolution before it can be signed into law by President Trump, potentially blocking similar future IRS policies.
about Senate Approves Resolution to Repeal IRS Crypto Broker RuleTrump Expected to Sign Resolution Rescinding IRS Crypto Reporting Rule
President Trump is poised to sign a resolution that would repeal a controversial IRS crypto rule, which his advisers argue burdens decentralized finance (DeFi) in the U.S. The Senate has shown bipartisan support for the resolution, with a super majority voting to advance the discussion. Advocates warn that stringent regulations could push American crypto entrepreneurs abroad, highlighting the need for a supportive environment for the industry.
about Trump Expected to Sign Resolution Rescinding IRS Crypto Reporting RuleWhite House backs efforts to repeal DeFi broker rule by IRS
David Sacks, the AI and crypto czar from the Trump administration, announced that the White House will back efforts to repeal the IRS’s decentralized finance (DeFi) broker rule, set for implementation in 2027. This support aligns with resolutions from Texas Senator Ted Cruz and Ohio Representative Mike Carey, which aim to redefine “broker” to include software providers for DeFi protocols. Sacks indicated that Donald Trump’s senior advisers would recommend signing the joint resolution into law if passed by Congress.
about White House backs efforts to repeal DeFi broker rule by IRSTrump Administration Supports Bill to Repeal IRS Rules on DeFi Projects
The Trump administration has endorsed a congressional resolution to repeal a controversial IRS rule that would impose strict reporting requirements on decentralized finance (DeFi) projects. David Sacks, the administration’s crypto policy chief, argued that the rule could stifle innovation and raise privacy concerns for DeFi users. The House Ways and Means Committee has advanced the measure for a full vote, with support from pro-crypto Republicans.
about Trump Administration Supports Bill to Repeal IRS Rules on DeFi ProjectsSenate to Vote on Reversing IRS Rule Impacting Decentralized Finance
The U.S. Senate is set to vote on reversing an IRS rule that the crypto industry claims threatens decentralized finance (DeFi). Senator Ted Cruz is leading the effort to rescind the regulation, which requires more tax disclosures from crypto projects, while the House Financial Services Committee is also advancing a matching resolution. Additionally, a White House crypto summit is scheduled for March 7, highlighting ongoing discussions around digital asset regulations.
about Senate to Vote on Reversing IRS Rule Impacting Decentralized Finance