Krutika Adani
The U.S. makes history as President Trump signs off on repealing the DeFi Broker Rule — the first crypto-focused bill to become law. A defining moment for blockchain innovation in America.
Originally set for 2027, the rule would have forced DeFi platforms to report user info and crypto trade data like stock brokers. Critics warned it was unworkable and invasive.
Backed by lawmakers and the crypto industry, the repeal came after fears it would crush innovation and flood the IRS with unusable data. Trump’s move was seen as pro-privacy and pro-tech.
Senators Cruz, Carey, and Steil led the charge. Groups like the Blockchain Association called the rule unconstitutional. Their pressure paid off — and fast.
With Trump’s administration rolling back SEC crackdowns, the repeal hints at a crypto-friendly future. A regulatory reset may be underway, focused on innovation, not enforcement.