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Donald Trump\u2019s advisers said they would recommend the US President sign a resolution repealing the IRS rule into law if passed by the House and Senate.<\/p>\n
David Sacks, the AI and crypto czar in the Trump administration, said the White House will support congressional efforts to rescind the Internal Revenue Service (IRS) decentralized finance (DeFi) broker rule, set to be implemented in 2027.<\/p>\n
In a March 4 X post, Sacks said<\/a> the administration supported Texas Senator Ted Cruz\u2019s and Ohio Representative Mike Carey\u2019s resolutions under the Congressional Review Act to repeal a regulatory rule that expands the definition of a \u201cbroker\u201d to include software providers that enable access to DeFi protocols. According to the AI and crypto czar, Donald Trump\u2019s senior advisers would recommend he sign joint resolution S.J. Res. 3 into law if it were sent to the US President\u2019s desk by Congress.<\/p>\n March 4 statement in support of rescinding DeFi broker rule. Source: <\/em>David Sacks<\/em><\/a><\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n