U.S. Treasury Department Officially Revokes Controversial Crypto Broker Reporting Rule After Republican Lawmakers Vote It Down

The Department of the Treasury is formally taking down a new rule that expanded the definition of a broker under the U. S. Tax Code. The rule titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales” classified decentralized finance (DeFi) exchanges as brokers required to furnish the Internal Revenue Service (IRS) […] The post U source: https://dailyhodl.com/2025/07/11/u-s-treasury-department-officially-revokes-controversial-crypto-broker-reporting-rule-after-republican-lawmakers-vote-it-down/