Big news for cryptocurrency! The U.S. Senate wants to cancel a rule that made crypto companies share user information with the government. This rule, called the Broker DeFi Rule, was meant to help the IRS collect taxes from people using decentralized finance (DeFi). DeFi is like a special type of online banking where transactions happen directly between people without banks in the middle.
- The rule made crypto companies share user data.
- Many people think this rule is bad for privacy and business.
- The Senate wants to get rid of this rule.
| Fact | Detail |
|---|---|
| Rule Name | Broker DeFi Rule |
| Goal | Collect taxes from DeFi users |
| Outcome Prediction | High chance of being cancelled |
