US House Kills IRS DeFi Broker Rule: End of the Road for Government Overreach?

Bipartisan Majority Pushes Back Against Government Overreach, Preserving Privacy and Innovation in Crypto.

A bipartisan majority recently voted in the US House of Representatives to repeal the IRS DeFi Broker Rule. The rule would have required Decentralized Finance Protocols to report to the Internal Revenue Service, further increasing the US Government's overreach in the crypto industry.

Does this mark a major shift in crypto regulatory freedom?