The US House of Representatives to vote to cancel the rules of the Tax Authority broker today
The US House of Representatives is expected to vote today on a decision to cancel the rules of the internal defense of revenue service (IRS), after a overwhelming vote in favor of cancellation in the Senate last week, which was issued with a 70-27 vote.
Voting on the Boss of the Tax Authority broker today
Fox Eleanor Territ journalist said that the House of Representatives vote comes after the approval of the Senate, which received more democratic support than expected, including support from prominent Democrats such as the majority leader of the Senate Chuck Schumer and Senator Mark Warner.
The relevant base requires deafi developers (decentralized financing) and decentralized applications to report user treatment information to the Tax Authority. This list has previously faced a strong opposition from the encryption industry, which says it is technically difficult to implement and lack a clear legal basis. If the house is exceeded, the cancellation process will be complete, which represents a great victory for the encryption industry in its ongoing organizational battle.
It is worth noting that the batch to cancel the bases of the IRS Defi broker has received support not only from within the encryption community but also from the Trump administration figures. Among them is the White House AI and Crypto CZAR, David Sacks, which publicly supported the regulations of the list. His support is in line with legislators who view the base as a transgression that can suffocate the growth of the encrypted currency sector.
In a statement, SACKS confirmed that organizing the Tax Authority misunderstand the basic purpose of Defi technologies, which aims to facilitate free and open exchanges of digital assets without excessive regulatory burdens.
Senator Ted Cruz and the majority leader of the Senate, John Thun, also expressed their support for the cancellation of the Tax Authority base.
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