Crypto Tax Debate Continues After DeFi Broker Rule Was Scrapped

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Debates around crypto taxation are intensifying again after Donald Trump signed a resolution in 2025 that eliminated the controversial IRS “DeFi broker rule.” That rule would have required decentralized finance platforms and decentralized exchanges to collect user identity information and report transaction data to regulators.

While the industry welcomed the decision at the time, new concerns are emerging around potential regulations tied to the proposed CLARITY Act. Some crypto executives warn that ambiguous language in the bill could reintroduce reporting requirements that force decentralized platforms to implement know-your-customer checks, potentially reshaping the future of the DeFi ecosystem.

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crypto execs: “please no reporting requirements” lawmakers: “lol maybe”