{"id":21677,"date":"2025-04-11T12:46:55","date_gmt":"2025-04-11T12:46:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21677"},"modified":"2025-04-11T12:46:55","modified_gmt":"2025-04-11T12:46:55","slug":"trump-signs-landmark-crypto-law-repeals-biden-era-irs-rule-targeting-defi-platforms","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21677","title":{"rendered":"Trump Signs Landmark Crypto Law, Repeals Biden-Era IRS Rule Targeting DeFi Platforms"},"content":{"rendered":"<div>\n<p>In a landmark move for the cryptocurrency sector, President <strong>Donald Trump<\/strong> has signed into law <a href=\"https:\/\/www.benzinga.com\/money\/us-cryptocurrency-regulations\">a resolution overturning a controversial IRS rule<\/a> introduced under his predecessor <strong>Joe Biden<\/strong>.<\/p>\n<p><strong>What Happened: <\/strong>The regulation in question required decentralized finance platforms to adhere to the same taxpayer reporting standards as traditional financial intermediaries.<\/p>\n<p>This marks not only Trump&#8217;s first crypto-related legislative action but also the first time a sitting U.S. president has signed a crypto-specific bill into law. <\/p>\n<p>The bill nullifies the IRS&#8217;s proposed DeFi broker rule, which had drawn fierce criticism from industry players and lawmakers alike for its impractical demands and &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/44759645\/trump-signs-landmark-crypto-law-repeals-biden-era-irs-rule-targeting-defi-platforms\" alt=\"Trump\" signs landmark crypto law repeals biden-era irs rule targeting defi platforms>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a landmark move for the cryptocurrency sector, President Donald Trump has signed into law a resolution overturning a controversial IRS rule introduced under his predecessor Joe Biden. What Happened: The regulation in question required decentralized finance platforms to adhere to the same taxpayer reporting standards as traditional financial intermediaries. This marks not only Trump&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":12,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21677","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21677"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21677\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}