US Treasury Overturns Controversial Rule on Crypto Tax Reporting

The US Treasury moved to repeal TD 10021, RIN 1545-BR39, a controversial rule on crypto tax reporting. If it took effect, it would introduce extensive new requirements on DeFi, potentially damaging the US industry. Nonetheless, this crypto broker rule was not set to take effect until 2027. The US government is tearing through anti-crypto regulations, rebuilding a future that protects the community’s interests source: https://beincrypto.com/us-treasury-revokes-controversial-crypto-tax-rule/