Trump signs the draft law to cancel the intermediate base in the Tax Authority in the encryption industry

In a historical step, US President Donald Trump signed on April 10 the controversial “DEFI Boy Base” and preventing expanded tax reports requirements effectively for decentralized financing platforms.

This measure, which was presented by actor Mike Curi and supported by the Senate by S-Texas, used the CRA law to reflect the rule of the tax department that was completed in late 2024. The law now prevents similar regulations from re-submitting it without new legislation.

DEFI’s intermediary base has been canceled

The Base of the Tax Authority concerned aims to expand the definition of “mediator” to include portfolio developers for the self-self and Defi-platforms that allow users to exchange digital assets directly without brokers.

Originally from the Investment and Infrastructure Law for the year 2021, Al -Qaeda sought to close the tax gaps depicted in encryption trading by asking these entities to report the user’s treatment data to both the Tax and Tax Prosecutors. It was scheduled to enter in 2027.

Critics argued that the base does not comply with how decentralized platforms work. Unlike traditional brokerage firms, Defi platforms do not usually collect or store personal information, which would make compliance with the criteria for reporting the Tax Authority technically unable.

Industry experts also warned that the base may push innovation abroad, as developers and companies may move to the judicial states under less rigorous supervision. Al -Qaeda supporters, including some democratic legislators, have confirmed that without these requirements, high -income encrypted investors can exploit organizational gaps to avoid taxes.

Actor Carey Be praised Cancellation as a victory for innovation and the privacy of taxpayers. He also praised President Trump’s support and his trial with the pro -profit administration agenda.

“The US Defi Base has unnecessarily hindered the American innovation, and violated the privacy of the ordinary Americans, and was scheduled to overwhelm the Tax Authority through a flow of new deposits that the infrastructure that must be dealt with during the tax season was not covered.

Regulatory reset

Since his return to his post, Trump has formed a federal workplace for encryption and called for policies that encourage Blockchain.

The clip of the draft High Law via Congress-which wipes the House of Representatives on March 11 and the Senate on March 26-indicates the increasing momentum within the legislative body led by the Republic to expand the scope of organizational intervention in the encryption markets.

The Trump administration adopted a more supportive position on the encrypted currency and indicated a full shift in the organizational position by expanding the aggressive approach to the Securities and Stock Exchange Committee (SEC) during the era of former President Gary Ginsler.

Several investigations and legal procedures that started against the encryption companies were dropped during the Biden era, and the securities organizer began dealing with industrial players to reassess their organizational framework.