US House Rejects IRS DeFi Broker Rule, Solana Vows to Keep 80% Inflation Rate: Finance Redefined
In a significant development, the U.S. House has voted against the IRS’s proposed DeFi broker rule, which would have required decentralized finance (DeFi) brokers to report transactions over $10,000 to the government. This decision comes as a relief to the DeFi community, as it would have imposed significant regulatory burdens on DeFi platforms and users. [...]
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