Here’s what happened in crypto today
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Donald Trump signed a repeal of the IRS DeFi broker rule, the US Securities and Exchange Commission dropped its suit against the Helium network, and the largest public Bitcoin mining firms mined nearly $800 million worth of Bitcoin in Q1 2025.
US President Donald Trump signed a joint congressional resolution on April 10 that overturned a Biden-era rule requiring decentralized finance (DeFi) protocols to report transactions to the Internal Revenue Service (IRS)
The so-called IRS DeFi broker rule was set to take effect in 2027 and twould have expanded the tax authority’s existing reporting requirements to include DeFi platforms, requiring them to disclose gross proceeds from crypto sales, including information regarding taxpayers involved in the transactions.
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