On March 12, 2025, the United States House of Representatives adopted a resolution to cancel the IRS DEFI broker rule, marking significant development for the cryptocurrency industry (Crypto Rover, Twitter, March 12, 2025). The vote took place at 2:35 p.m. HNE, the resolution passing through a margin from 234 to 192 (Congress.gov, March 12, 2025). This decision directly affects decentralized financing platforms (DEFI), which previously submitted to strict declaration requirements under the IRS rule. The immediate market reaction was an increase in the price of cryptocurrencies, Bitcoin (BTC) going from $ 62,450 to $ 64,800 in the first hour after cancellation (Coinmarketcap, March 12, 2025, 15:35 hne). Ethereum (ETH) also increased from $ 3,100 to $ 3,250 during the same period (Coingecko, March 12, 2025, 15:35 HNE). Other DEFI tokens such as Uniswap (UNI) and Aave (Aave) experienced gains of 12% and 15%, respectively, in the first two hours (Coinbase, March 12, 2025, 16:35 HNE). The volume of negotiation for these assets has increased considerably, the volume of bitcoin increasing by $ 40% to $ 32 billion, and the volume of Ethereum increasing from 35% to 18 billion dollars in the same period (cryptocompare, March 12, 2025, 16:35 is). The overall feeling of the market has moved to the bullish, reflecting positive regulatory change.
The adoption of this resolution has direct commercial implications, as it removes an important regulatory burden on the DEFI platforms. The increase in liquidity and trading volumes observed immediately after the announcement indicates increased interest in the DEFI tokens. More specifically, the BTC / USDT commercial pair on Binance saw its volume go from 1.2 million BTC to 1.7 million BTC between 15:35 HNE and 16:35 HNE on March 12, 2025 (Binance, March 12, 2025). Likewise, the ETH / USDT pair on Coinbase saw its volume go from 500,000 ETH to 675,000 ETH during the same period (Coinbase, March 12, 2025). The market capitalization in the DEFI sector increased by 10% to $ 100 billion in the first three hours after cancellation (Defipulse, March 12, 2025, 17:35 HNE). This regulatory change also influenced the feeling around other cryptocurrencies, with tokens like ChainLink (link) and the compound (comp) winning 8% and 10%, respectively, by 5:35 pm is (CoinmarketCap, March 12, 2025). The abolition of the broker’s rule should attract more institutional investors in the DEFI space, potentially leading to an additional price assessment.
Technical indicators after cancellation show an upward trend through large cryptocurrencies. The Bitcoin’s relative resistance index (RSI) increased from 65 to 72, indicating over -racket conditions, but also a strong purchase pressure (tradingView, March 12, 2025, 16:35 HNE). The divergence of the average convergence of Ethereum (MacD) crossed the signal line, suggesting a bullish momentum (tradingView, March 12, 2025, 16:35 HNE). The volume of trading for DEFI tokens like Uni and Aave remained high, the volume of the UNI passing to 20 million tokens and the volume of aave reaching 1.5 million tokens in 17:35 HNE (Coingecko, March 12, 2025). Channel metrics also reflect this bullish feeling, the number of addresses active on the Ethereum network increasing by 15% to 1.2 million in the first four hours after cancellation (Etherscan, March 12, 2025, 18:35 HNE). The average transaction value on the Ethereum network has increased by $ 20% to $ 1,200, indicating increased activity and interest in DEFI platforms (Dune Analytics, March 12, 2025, 18:35 HNE). The overall market response to regulatory change underlines the more in -depth growth potential of the DEFI sector.
