IRS Drops Bombshell: Anti-DeFi Broker Rule Officially Scrapped from Tax Code
The IRS just handed DeFi a massive win—buried in the fine print of the 2025 tax code update. No more broker rule shackles. Here's why it matters.
Decentralization Wins (For Once)
The Treasury's latest move quietly axes controversial reporting requirements that threatened to force DeFi protocols into acting like traditional brokers. Poetic justice for an industry that's spent years begging regulators to stop treating code like a J.P. Morgan intern.
The Fine Print
While the change scraps the most draconian provisions, keep the champagne on ice—the IRS still expects your crypto taxes filed by April 15. Some things never change.
The Bottom Line
A rare regulatory retreat in crypto's endless compliance trench warfare. Now if only they'd fix those capital gains rules... but we all know the taxman gets his pound of flesh eventually.
