The U.S. Treasury Department has officially eliminated a controversial set of crypto tax reporting requirements, following a successful congressional vote to revoke the rules earlier this year.
The now-scrapped regulation (TD 10021, RIN 1545-BR39) would have mandated that decentralized exchanges (DeFi platforms) report detailed customer transaction data to the Internal Revenue Service under Section 6045 of the tax code.
The rule had drawn widespread criticism from crypto advocates who argued that DeFi protocols, often automated and without traditional staff, were incapable of complying with such requirements.
The repeal was driven by Republican lawmakers using the Congressional Review Act to roll back the measure. The resolution to revoke the rule was signed into law by President Donald Trump in April.
Critics of the regulation maintained that forcing decentralized platforms to collect and report tax data would stifle innovation and was technically unfeasible. With the Treasury’s formal removal of the rules, the regulatory spotlight now shifts to how future crypto tax frameworks will be shaped to account for DeFi’s unique structure.
The move is seen as a significant win for the crypto industry, which has long pushed back against regulatory approaches it sees as incompatible with decentralized technologies.
Alexander Stefanov
Reporter at Coindoo
Alex ist ein erfahrener Finanzjournalist und Krypto-Enthusiast. Mit mehr als 8 Jahren Erfahrung in der Berichterstattung über die Krypto-, Blockchain- und Fintech-Branchen ist er mit der komplexen und sich ständig weiterentwickelnden Welt der digitalen Vermögenswerte bestens vertraut. Seine aufschlussreichen und zum Nachdenken anregenden Artikel vermitteln den Lesern ein klares Bild von den neuesten Entwicklungen und Trends auf dem Markt. Sein Ansatz ermöglicht es ihm, komplexe Ideen in leicht verständliche und aufschlussreiche Inhalte zu zerlegen. Verfolgen Sie seine Veröffentlichungen, um über die wichtigsten Trends und Themen auf dem Laufenden zu bleiben.
Source: https://coindoo.com/u-s-government-drops-controversial-crypto-tax-rule/