The U.S. House Fundraising Committee voted to repeal the DeFi broker rules

2025-02-27 17:57:24

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ChainCatcher news, according to Cryptonews, the U.S. House of Representatives' fundraising committee passed a resolution by a vote of 26-16 to push for the repeal of the "DeFi Broker Rules." This rule was originally set to take effect in 2027, requiring decentralized exchanges and other digital asset brokers to report transaction details to the Internal Revenue Service (IRS).

This repeal action occurs against the backdrop of a Republican-controlled Congress, with hundreds of pro-cryptocurrency candidates winning congressional seats, leading industry leaders to predict that the U.S. government may become the most cryptocurrency-friendly government in history.

If this resolution passes in the House, it will be submitted to the Senate for approval, ultimately to be decided by President Donald Trump on whether to sign it into law.

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