Trump Signs Bill Overturning IRS DeFi Rule, Boosts Crypto – Coincu

Donald Trump is set to attend a bill signing ceremony at 3 p.m. Eastern Time next Monday.

The legislation overturns a major IRS rule, impacting crypto regulation and boosting market sentiment.

Trump’s Pro-Crypto Shift

Trump has reversed a critical IRS rule concerning DeFi brokers, signaling a shift in U.S. policy favoring crypto. The event underscores the administration’s pro-crypto stance, contrasting previous regulatory ambiguities. Binance Team states that this move is part of a broader strategy to position the U.S. as a leader in digital assets.

The policy change is expected to improve U.S. market conditions, particularly for Bitcoin, which has been targeted for strategic reserves. The reversal may pave the way for increased institutional investment and participation in DeFi, enhancing market liquidity and activity.

Reactions from the crypto community and market analysts are cautiously optimistic. K33 Research’s David Zimmerman emphasized the potential for increased crypto benefits due to these favorable conditions, setting the stage for Bitcoin’s anticipated market strength.

“Cryptocurrencies are expected to benefit from several favorable factors initiated by Trump, while the stock market may face renewed tariff challenges, setting the stage for Bitcoin’s relative strength in the coming months.” – Vetle Lunde, Head of Research, K33 Research

Bitcoin Soars with New Regulatory Clarity Under Trump’s Administration

Did you know? This marks the first time a U.S. president has reversed a crypto-related policy, highlighting a bipartisan shift towards supportive digital asset regulations.

As of May 16, 2025, Bitcoin (BTC) trades at $103,794.08, achieving a market cap of $2.06 trillion. Its dominance is 62.06%, maintaining a $49.42 billion 24-hour trading volume, according to CoinMarketCap. BTC has shown a 23.18% rise in the past 30 days.

Coincu Research suggests that Trump’s pro-crypto policy can propel Bitcoin further, considering current market conditions and strategic shifts. Expert views indicate that regulatory clarity and institutional interest may drive long-term growth in BTC and DeFi sectors.