The US Senate is set to vote on repealing an IRS rule and Consumer Financial Protection Bureau rule that impact the crypto and DeFi industries. Many in the crypto industry argue that these rules hinder innovation and limit financial freedom. The return of Donald Trump to the White House has already brought changes to government policies on digital assets, with the launch of a dedicated crypto task force by the acting SEC chair. Senator Ted Cruz is leading the effort to repeal these regulations, believing it will boost the industry and create a more open and competitive market for decentralized finance. The outcome of the Senate's decision could shape the future of digital assets in the US and either reduce pressure on blockchain projects or lead to stricter oversight and slower innovation. Additionally, the government's plans for a national cryptocurrency reserve suggest a recognition of the long-term potential of digital assets, although the exact implications and regulations surrounding it remain uncertain.



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