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Some believe the Senate’s vote to overturn the so-called DeFi broker rule is a win that goes beyond this specific issue.

If you need a refresher, the IRS revealed a rule in December that sought to force tax reporting requirements on crypto software providers — even those not acting as intermediaries.

Fast forward to the following month, when the overwhelmingly pro-crypto Congress was sworn in. Two days after Trump’s inauguration, Sen. Ted Cruz and Rep. Mike Carey floated a Congressional Review Act (CRA) resolution to reverse the rule.

Senate Majority Leader John Thune said in…

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