This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The DeFi broker rule saga is behind us. …
Rule
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The United States Congress recently voted to repeal the Internal Revenue Service’s (IRS) controversial decentralized finance (DeFi) broker rule, a big win …
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Donald Trump signed a bill on Thursday reversing the expansion of the IRS’s definition of a broker to include decentralized exchanges (DEXs). …
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Markets
President Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi
by shayaanby shayaanWith a signature from President Donald Trump, the decentralized financial (DeFi) corner of the crypto sector is now freed from U.S. Internal …
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Regulation
FDIC Axes Previous Rule, Gives Green Light to Banks To Conduct ‘Crypto-Related Activities’ Without Prior Approval
by shayaanby shayaanThe U.S. Federal Deposit Insurance Corporation (FDIC) has just given its member banks the green light to conduct “crypto-related activities” without prior …
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The Senate voted 70-28 on Wednesday in support of a resolution to knock down a Biden-era rule previously pushed by the IRS that …
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Regulation
Congress moves to overturn IRS broker rule targeting DeFi platforms, potential Trump signing on March 28
by shayaanby shayaanThe US Senate is preparing to hold a final vote on March 27 to nullify the Internal Revenue Service’s (IRS) broker reporting …
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Regulation
Consensys Letter Challenges CFPB’s Rule on Regulating Unhosted Wallets
by shayaanby shayaanEthereum software firm Consensys has pushed back against a proposed rule from the Consumer Financial Protection Bureau (CFPB) that could drastically change …
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Regulation
SEC’s Acting Chair Signals Possible Withdrawal of Biden-era Crypto Custody Rule
by shayaanby shayaanThe U.S. Securities and Exchange Commission (SEC) may move to withdraw a proposed rule that would tighten crypto custody requirements for investment …
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The U.S. Securities and Exchange Commission (SEC) may revise or abandon former chair Gary Gensler’s controversial proposal that would tighten crypto custody …