US congress puts an end to controversial control regulation for defi brokers: a step towards more freedom for cryptocurrencies

US congress puts an end to controversial control regulation for defi brokers: a step towards more freedom for cryptocurrencies
US congress raises controversial control control for DeFi broker to
The US Congress recently lifted a controversial tax regulation for Defi-Broker (decentralized financial service provider). This regulation, which was introduced during the bid era, stipulated that Defi platforms had to transmit certain information about taxable transactions and users to the tax authorities in the United States.
The decision of the congress comes at a critical moment, since defi platforms are increasingly becoming the focus of the regulation. The original regulation for many actors in the crypto and defi community had come across resistance because they raised concerns about data protection and practical feasibility. Critics argued that the regulation could potentially create hurdles for innovations in the Defi sector and also insecure users.
The cancellation of this regulation is considered a positive step for the development of defi platforms in the United States. It could help create a cheaper environment for innovations in the financial sector and to promote the growth of defi applications.
It remains to be seen how this decision will affect the regulatory landscape for Defi in the coming years. Experts are excited to see how the regulations will develop and whether long -term rules are determined for the sector that take into account both tax requirements and the protection of users.