In a significant move, President Donald Trump has nullified a Biden-era regulation that aimed to impose tax reporting requirements on decentralized finance (DeFi) platforms.

Trump signs first crypto law, repealing IRS DeFi rule that critics say threatened privacy and innovation in the U.S.

US President Donald Trump has signed a joint congressional resolution overturning a Biden administration-era rule that would have required decentralized finance (DeFi) protocols to report transactions to the Internal Revenue Service.