Context:
After turning pro-Krypto during his election campaign, Donald Trump works from his inauguration to gradually cancel the repressive measures to digital assets introduced under the previous administration.
The resolution of this crypto of the Act had previously adopted the Senate by voting 70 compared to 28 and the chamber with a span of 292 against 132. These results reflected the general recognition of the need to protect both innovation and privacy in the field of digital assets.
Trump will sign a historical crypto
The IRS rule on the Broker DEFI required decentralized financial platforms (defi) to transfer data on transactions toInternal income service (IRS). She also proposed to create a new classification for brokers, including some participants or entities involved in the defi sector.
Senator Ted Cruz and representative Mike Carey finally introduced Act of Congressal disagreement (CRA), HJ res. 25 that ended this rule. In the last press release, the representative of Carey stressed that the law meant the first legislation on the cryptocurrencies received and the first CRA associated with the taxes to be announced.
He also claimed that the abolished rule has now strengthened growth and imposed unnecessary fees in this industry.
“The broker deficit rule unnecessarily hindered American innovation, violated the privacy of ordinary Americans, and was planning to overcome the IRS through the influx of new declarations for which it has no sufficient infrastructure to cancel them during the tax season.
The leaders of the crypt industry have greatly appreciated this initiative. Bo Hines, Executive Director of the Presidential Council of Digital Assets Advisors, emphasized the positive consequences of Trump’s decision in the crypto sector.
“Historical moment! The first laws of crypts never signed by law. The abolition of the broker IRS rule protects innovation and privacy; another major progress towards the arrival of the Golden Age for digital assets,” Hines said.
Changing a dry strategy opens the way to growing crypto in the United States
In parallel, this new legislative phase coincides with a number of positive regulatory development in the country of uncle alone. On the same day, SEC’s finance division has actually published new directives on the issues of titles and the publication of registration on the Krypto Asset market.
“The initiative aimed at providing greater clarity of the application of federal securities on crypto assets can be provided in a press release in a press release according to the determination of certain requirements for publication under the federal securities laws for offers and records of securities”.
These instructions add up to the requirements for publication associated with prices, technological risks and legal uncertainties. They also insist on transparency to ensure that investors are fully informed of the risks, characteristics and details of these offers. This initiative indicates a more structured approach to the regulation of cryptomic titles that could facilitate adherence to issuers in investor protection.
In addition, SEC has left the accusation of unregistered titles against Nova Labs, a company causing the Helium network. This decision made it possible to select classification as titles of Helia and Helia tokens (HNT, Mobile and IoT) distributed via the network.
“This chapter has finally closed, helium, purple and crypto can now move forward with full confidence, acceleration of adoption and innovation in the real world. Together we will fight for the future where the whole world can freely connect, without obstacles to swollen costs or guards,” said Helium.
This decision reflects a fundamental change in the strategy to apply SEC under the new direction after the departure of Gary Gensler in January 2025. Since the beginning of the new presidential mandate, the Sec has actually left several proceedings and investigations of many cryptopoining companies.
In particular, the regulator even left his long prosecution against Ripple last month. Indeed, Beincrypto stated that both parties had achieved a preliminary settlement agreement in their dispute and filed a joint proposal to suspend the call process.
Together, this development reports the main turning point for the regulation of cryptocurrencies in the United States, the balance of innovation and the protection of investors, while the industry continues to ripen.
Morality History: The US loves only crypto, turns 180 degrees.
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