The US Senate has passed a bill to repeal the "IRS DeFi Broker Rules", awaiting approval from the House of Representatives

According to BlockBeats, on March 5th, the US Senate passed the Congressional Review Act (CRA) proposed by Senator Ted Cruz and Congressman Mike Carey with a vote of 70 to 27, aimed at revoking the so-called "DeFi Broker Rule" - a last-minute attack by the Biden administration on the cryptocurrency community that pertains to DeFi in the IRS "Broker" rule However, the resolution still needs to be passed by the House of Representatives, and then US President Trump can sign it into law. Once completed, not only will this rule be completely abolished, but the National Taxation Bureau will also be prohibited from implementing similar policies in the future. The White House stated yesterday that the president may quickly sign this resolution. BlockBeats note: DeFi broker rules are a regulatory framework for decentralized finance (DeFi) intermediary service providers, such as trading platforms, lending agreements, etc., aimed at ensuring compliance, user protection, and risk management. The core content includes anti money laundering (AML), user identity verification (KYC), smart contract auditing, fund security, and transparency requirements.