Trump reveals Defi rule: Is that the end of bureaucracy?

Trump reveals Defi rule: Is that the end of bureaucracy?

On April 11, 2025, US President Donald Trump announced the abolition of a controversial regulation that had been introduced by the bid administration. This regulation would have obliged Decentralized Financial Protocol (Defi) to report its transactions to the IRS tax authority. This should create transparency in the defi sector and prevent tax evasion. But the reactions to this decision are mixed. While the crypto community welcomes the cancellation because it was seen as a hindrance to innovation, critics fear bureaucratic stress, especially for smaller defi projects.

The initiative for cancellation received support from various political camps, which is documented by the coordination in the US Senate on the same day. With 70 to 27 votes, this decided to lift the IRS defi broker rule. Senator Ted Cruz played a key role in the advocacy of this resolution, which is now being forwarded to the House of Representatives for the examination. Georg Köhler, a representative of the crypto industry, explained that the vote shows how important balanced regulations are for digital assets.

episodes for the crypto industry

The cancellation of this rule could have a significant impact on the global crypto market. In the decision, experts see the opportunity to position the United States as an attractive location for crypto innovations. David Sacks, consultant in the White House, already indicated Trump's support for the cancellation. Industry representatives are optimistic that the decision will pave the way for further innovations, while at the same time excessive state supervision is prevented.

The rule would have requested the development of complex systems for data recording and reporting from the Defi platforms. This would have been a significant challenge, especially for smaller platforms. Instead, these companies could now focus on the further development of their technologies, which is considered to be relieved.

regulatory challenges continue to exist

Despite these positive developments, there are still concerns about the regulatory landscape for Defi. The moderate coordination in the Senate shows cross -party support, but it remains to be seen how the House of Representatives will behave. In the event of approval by the House of Representatives, the IRS would prevent similar regulations in the future, which is considered crucial for the protection of financial innovations and digital privacy in the United States.

In addition to this political situation, legal disputes are underway, which could affect the future of the Defi market. A lawsuit in Texas, in which the Defi Education Fund, the Blockchain Association and the Texas Blockchain Council are turning against the IRS and the Ministry of Finance, questions the final broker rule as comprehensive and unconstitutional. The outcome of this lawsuit could have far -reaching effects on the regulatory approach to new technologies in the United States

Developments in this area are not only important for the crypto industry, but also for general regulatory politics in the USA. The balance between regulation and innovation will be crucial in order not to endanger the growth of the sector. The coming months will show how the regulatory landscape is developing and what impulses it can set for the future of decentralized finances.

For a detailed analysis of the legislative developments and their importance for the crypto industry, read IT-BoltWise , Coinedition and Forbes .