Last week, an IRS rule that threatened to upend decentralized finance (DeFi) was officially repealed. The bipartisan disapproval resolution, led by Rep. Mike Carey (R-Ohio), was signed by President Donald Trump on April 10, per the official committee press release . Introduced in the final days of the Biden administration, the so-called DeFi broker rule — formally titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales” — was a new reporting rule from the IRS and the Treasury Department. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io