Summary
- White House virtual asset czar David Sax announced his support for the withdrawal of the IRS DeFi broker regulations.
- The regulation withdrawal will be deliberated in the Senate, which aims to abolish the information disclosure requirements for DeFi projects.
- A vote regarding the withdrawal of related regulations is scheduled to take place in the Senate this week.
According to Fox Business reporter Eleanor Terrett on the 4th (local time), White House virtual asset (cryptocurrency) czar David Sacks announced his support for the withdrawal of the Internal Revenue Service (IRS) DeFi broker regulations, which are scheduled to be deliberated in the Senate.
Previously, foreign media reported that a vote to repeal the IRS regulations, which primarily require strict information disclosure from DeFi projects, is scheduled to take place in the Senate this week.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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