Trump Signs Bill Nullifying Expanded IRS Crypto Broker Rule

confirmed Importance 8/10 ~1 min read 4 sources 4 actors

Systematic Corruption Regulatory Capture

President Donald J. Trump signed H.J.Res.25 into law, nullifying an IRS rule that would have expanded cryptocurrency broker reporting requirements to include decentralized finance (DeFi) exchanges. The Congressional Review Act was used to reverse the Biden-era regulation, with the House passing the bill 292-132 and the Senate passing 70-28.

Sources & Citations

[1] Carey Bill to Eliminate Burdensome IRS DeFi Crypto Broker Rule Signed into Law · Apr 10, 2025 Tier 1

[2] President Trump Signs Ways & Means Resolution Overturning Biden Administration's Burdensome IRS DeFi Broker Rule · Apr 10, 2025 Tier 1

[3] Trump Signs Bill Blocking IRS Crypto Tax Rule Biden Pushed · Apr 11, 2025 Tier 1

[4] Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi · Apr 10, 2025 Tier 2

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “Trump Signs Bill Nullifying Expanded IRS Crypto Broker Rule.” The Capture Cascade Timeline, April 10, 2025. https://capturecascade.org/event/2025-04-10--trump-signs-bill-to-nullify-expanded-irs-crypto-broker-rule/