By Anthony • March 4, 2025 3:57 pm •
President Trump plans to sign a resolution to an IRS Cryptocurrency rule made under the Bidena administration.
White House crypto czar David Sacks shared that Trump’s top advisers will recommend that the 47th President sign the Congressional Review Act resolution into law.
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Senator Cruz introduced the resolution.
The resolution seeks to reverse the Biden administration’s rule on crypto, which “inappropriately requires certain DeFi participants to report gross proceeds from cryptocurrency sales and other digital asset transactions, including data about the taxpayers involved.”
President Donald Trump is poised to sign Congress’ effort to kill an IRS crypto rule on that imposes hefty demands on decentralized finance projects, Trump’s advisers are saying. Meanwhile, the Senate is steaming
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