Trump signs bill to repeal the encryption tax rules from the Biden administration.

DailyNews

2025-04-10 23:14:27

TED-8,97%

DEFI-10,53%

PANews reported on April 11 that U.S. President Trump has signed a joint resolution from Congress, officially repealing the IRS encryption tax rules enacted late in the Biden administration. The rules required “accomplice brokers” to collect and report user data to tax authorities. The bill was initiated by Senator Ted Cruz and Representative Mike Carey, with Carey stating that this is the first encryption-related legislation to be signed into law. The bill passed in both houses of Congress and received some support from Democrats. The DeFi Education Fund called this move a positive signal for the development of decentralization technology.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

Bitcoin_Chain

· 2025-04-10 23:38

HODL Tight 💪

Reply0