Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

The First U.S. Crypto Law is Now in Effect! Trump Has Eliminated DeFi Regulations!

Source Tradingkey

TradingKey - President Trump has signed a cryptocurrency bill. This officially removes the DeFi broker rules. It eases regulatory requirements for the industry.

On Thursday, Trump signed the bill to repeal the DeFi broker rules. This marks the first U.S. legislation specifically for cryptocurrency.

The DeFi broker rules were introduced by the Biden administration in 2021. They required decentralized platforms to comply with IRS demands. This included providing data on customer information and total crypto sales revenue.

The rules faced quick backlash. Critics argued they would hinder DeFi development. Republican Senator Ted Cruz pushed to repeal these rules, and now he has Trump’s support. Cruz attended the signing ceremony and stated, "This regulation will undermine America’s leadership in crypto. I thank President Trump for signing my resolution into law."

Cruz added, "We are protecting developers building the future of cryptocurrency. We clearly state that America will not cede digital leadership to China. We will preserve the ability for Americans to trade without government interference."

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Japan Cuts Fiscal 2026 Growth Forecast to 0.9% on Oil and Weaker Yen Japan slashed its growth forecast for the current fiscal year to 0.9% on Thursday, blaming surging crude oil prices and a weaker yen for squeezing the import-dependent economy.The downgrade exposes ho

Author Beincrypto

Jul 31, Fri

Japan slashed its growth forecast for the current fiscal year to 0.9% on Thursday, blaming surging crude oil prices and a weaker yen for squeezing the import-dependent economy.The downgrade exposes ho

Shiba Inu Price Prediction for August 2026 as SHIB Turns 6 Years Old Shiba Inu (SHIB) surged 28% last week before sellers rejected the rally at $0.00000548. The Shiba Inu price prediction for August 2026 now depends on the $0.00000446 support.Delayed Shibarium upgrades

Author Beincrypto

Jul 31, Fri

Shiba Inu (SHIB) surged 28% last week before sellers rejected the rally at $0.00000548. The Shiba Inu price prediction for August 2026 now depends on the $0.00000446 support.Delayed Shibarium upgrades

Bitcoin’s Final Bear Leg: History Says $35,000, On-Chain Data Disagrees Bitcoin (BTC) trades near $64,000, roughly 49% below its October 2025 record of $126,000. Seasonal patterns from three past cycles now point to one Bitcoin final bear leg before a cycle bottom.However

Author Beincrypto

Jul 31, Fri

Bitcoin (BTC) trades near $64,000, roughly 49% below its October 2025 record of $126,000. Seasonal patterns from three past cycles now point to one Bitcoin final bear leg before a cycle bottom.However

Amazon AI Bet Pays Off as Q2 Earnings Crush Expectations: How Will Stock React?Amazon beat Wall Street on every headline metric in the second quarter, and Amazon Web Services grew 37% year over year, its fastest pace in 18 quarters.Shares closed the regular session at $235.50, u

Author Beincrypto

Jul 31, Fri

Amazon beat Wall Street on every headline metric in the second quarter, and Amazon Web Services grew 37% year over year, its fastest pace in 18 quarters.Shares closed the regular session at $235.50, u

MicroStrategy’s $8.2B Loss Masks Expanding Bitcoin Empire MicroStrategy reported an $8.22 billion net loss in the second quarter of 2026, but the headline figure tells only part of the story.The world’s largest corporate Bitcoin holder expanded its BTC posit

Author Beincrypto

Jul 31, Fri

MicroStrategy reported an $8.22 billion net loss in the second quarter of 2026, but the headline figure tells only part of the story.The world’s largest corporate Bitcoin holder expanded its BTC posit

Popular Symbols