The U.S. Treasury and IRS have finalized new regulations that require crypto platforms to track and report all transactions, including sales of digital assets such as non-fungible tokens (NFTs) and stablecoins. The rule expands the definition of brokers to include decentralized finance (defi) platforms and wallet providers. The industry has responded with backlash and plans for legal challenges, with critics arguing that the regulation overreaches. Some believe that the incoming Trump administration may implement more pro-cryptocurrency policies, in contrast to the current Biden administration's stance.



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