THE House of Representatives of the United States voted Revoke an IRS rule imposed Data collection obligations on Decentralized finance (DEFI) platforms. With a Biparti-292 vote in favor and 132 againstCongress has advanced a resolution which prevents the tax agency from presenting Rules similar to the future.
This decision has Important implications For cryptocurrency industry in the UNITED STATES. The regulations, introduced in the last days of Joe Bidenadministration, aimed at Equalize DEFI platforms to traditional financial brokers. However, criticisms argued that this rule was Difficult to apply and risky Small technological innovation in the sector.
A controversial IRS regulation: Donald Trump supports Defi
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THE political debate on the regulation of cryptocurrency has been heated. Representative Jason SmithA Missouri republican, stressed how the regulations could harm companies in the UNITED STATES and hinder the Digital sector development.
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“DEFI platforms are not like traditional scholarships or centralized financial institutions. These entities have neither the means nor the capacity to collect the information requested by the IRS. »»
On the other hand, the democrats defended the rule by arguing that it was in accordance with the regulations already applied to the stock markets. Danny DavisA representative of Illinois, compared cryptocurrency has actionsdeclaring that Tax transparency is essential to ensure a fair system.
“When selling actions through a broker, they automatically report the transaction to both the customer and the IRS. This ensures that all gains are declared correctly. »»
However, the republicans argued that the regulations went Beyond the original intentions of the 2021 Infrastructure Act From which he is from. According to Representative of North Carolina Tim Mooreit would have placed Unbearable charges on software developers And threatened American leadership In cryptocurrency innovation.
A possible presidential veto?
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THE resolution has already obtained the Senate supportOr 70 senators voted for the abrogation of the rule. However, the legislative procedure requires more confirmation before it can be transmitted to President Donald Trump For final signature.
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Trump allies have already said that the president is in favor of the revocation of the rule. If he Sign the resolutionTHE Irs will no longer be able to present Similar regulations in the future. This would represent a important victory For cryptocurrency industry and for those who support less oppressive regulations of the sector.
However, not everyone agrees with this decision. Lloyd Doggett,, democratic representative of Texas, criticized the resolution, the appellant “Act in favor of the interests of large companies”. He also pointed out how this movement could promote tax evasion, drug trafficking and terrorism financing. According to Doggettthe repeal of the rule would cause a Loss of $ 4 billion For US treasurego against Trump’s goal of Reduce.
Following steps
Before the vote on the Irs regulations, the Home also approved a Resolution for the funding of the federal government until September 30, 2025. This measure received 217 votes in favor and 213 against And will be now examined by the Senate.
In the meantime, the world of cryptocurrency wait carefully at the Final result of the IRS resolution. If confirmedThis decision will mark a important turning point For Challenge sector, preventing the future Similar regulations And leave more room for technological innovation.
