The rule of Defi Broker Rule made expanded requirements for the reporting of crypto -brigades, forcing the decentralized financing platforms (Defi) to report IRS exhaustive information about all cryptotransactions, including gross revenue and users, according to the funds of the fund market brokers, informing the department of transactions with transactions with promotions.
Supporters of the IRS rule claimed that this would help prevent tax evasion, especially among rich crypto -investors. However, critics stated that the rule blocks the normal activity of decentralized crypto platforms and makes impossible requirements for systems that do not have centralized operators or user databases.
The statement by the press service of the White House says that after the adoption of this law, any future administration of the country will be prohibited from discussing and single-handedly approving similar rules without their comprehensive discussion in the congress, which should guarantee the protection of the interests of cryptocracks in the future.
Earlier, US President Donald Trump announced a 90-day suspension of trade duties for all countries except China. Against this background, the course of the first cryptocurrency jumped above $ 83,585.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.