Donald Trump has signed the first-ever U.S. crypto law, officially repealing the DeFi Broker Rule, which forced DeFi platforms to report user data to the IRS
The rule was introduced under Biden’s administration and nearly crippled the U.S. DeFi market
The repeal was backed by both Republicans and Democrats — a rare political consensus
The crypto community is celebrating this move as a turning point for the entire industry
The White House called the old rule a “nightmare” and a threat to privacy and innovation