Summary
- The vote on the US IRS's 'DeFi Broker Regulation' withdrawal resolution is scheduled to take place on the 26th.
- The regulation requires DeFi brokers to report revenue from digital asset sales.
- The virtual asset industry is demanding regulation withdrawal, and if it passes the Senate, only the presidential signing process remains.
Eleanor Terrett, a former Fox Business reporter, reported on the 26th (local time) via X (formerly Twitter) that the vote on the US Internal Revenue Service (IRS)'s 'DeFi Broker Regulation' withdrawal resolution, initially scheduled for the 27th (local time), is expected to take place that evening.
The vote is set to start at 17:00 and end at 20:00. The resolution passed the Senate on the 4th but will be re-voted due to technical issues. If the resolution passes the Senate, only President Donald Trump's signing process remains.
The DeFi Broker Regulation requires DeFi brokers to report total revenue from digital asset sales, and the virtual asset (cryptocurrency) industry has consistently demanded the withdrawal of the regulation.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
