PANews reports on April 11 that, according to The Block, U.S. President Trump has signed a congressional joint resolution to formally rescind the IRS crypto tax rule passed at the end of the Biden administration. The rule required "custodial 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 crypto-related legislation to be signed into law. The bill passed in both houses of Congress and received partial support from Democrats. The DeFi Education Foundation described this move as a positive signal for the development of decentralized technology.
Trump signs bill to revoke Biden administration crypto tax rules
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