The House Ways and Means Committee teed up for a floor vote on a rollback of the Biden administration’s crypto tax reporting rules for DeFi platforms.
This is one of the earliest CRAs that congressional Republicans are focusing on to roll back regulations from the final months of Joe Biden’s presidency, showing the hunger in the GOP to back digital assets. Crypto’s political power has been booming after the industry poured money into key congressional races and won President Donald Trump’s favor.
