The White House has expressed support for a congressional resolution aimed at repealing a regulation known as the "Broker DeFi Rule," which has been criticized for unfairly targeting the cryptocurrency industry and decentralized finance (DeFi) platforms. The resolution, introduced by Senator Ted Cruz and Representative Mike Carey, seeks to overturn an Internal Revenue Service (IRS) rule that expanded the definition of "intermediary" to include software processing DeFi transactions. The White House believes this regulation could have negative implications for the digital asset ecosystem, raise privacy concerns, and burden American DeFi companies with compliance. If the resolution passes Congress and reaches President Trump's desk, his advisers will recommend signing it into law.



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