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

Why are prediction market traders suddenly bearish on Nvidia's stock?Nvidia (NASDAQ: NVDA) stock is still green for 2026, but the trade no longer looks clean from the company that outperformed every other company and country in 2024 and 2025. NND is up about 12% this year, yet they have slipped roughly 3% over the past month. The gap with the rest of the chip...

Author Cryptopolitan

Jun 23, Tue

Nvidia (NASDAQ: NVDA) stock is still green for 2026, but the trade no longer looks clean from the company that outperformed every other company and country in 2024 and 2025. NND is up about 12% this year, yet they have slipped roughly 3% over the past month. The gap with the rest of the chip...

What Crypto Whales Are Buying and Selling as August 2026 and the Fed Decision Near The best altcoins for August could hinge on one event, the Federal Reserve’s July 29 rate decision, with a possible interest rate hike on the table. That catalyst reprices risk assets, and whale walle

Author Beincrypto

Jul 29, Wed

The best altcoins for August could hinge on one event, the Federal Reserve’s July 29 rate decision, with a possible interest rate hike on the table. That catalyst reprices risk assets, and whale walle

3 Battles Japan Is Losing at Once, Will Bitcoin Feel the Yen Shock?Japan is losing three financial battles at once as its currency, bond, and debt defenses fail together. The yen has erased most of a rare US-backed rescue, and Bitcoin (BTC) traders are bracing for th

Author Beincrypto

23 hours ago

Japan is losing three financial battles at once as its currency, bond, and debt defenses fail together. The yen has erased most of a rare US-backed rescue, and Bitcoin (BTC) traders are bracing for th

3 Reasons MicroStrategy (MSTR) Stock Could Climb While Bitcoin Remains Flat Strategy (MSTR) stock is climbing back toward $100, closing Monday near $97.68 after a 5% jump, even though the Bitcoin behind it has barely moved near $64,000.The stock is down about 38% in 2026, a s

Author Beincrypto

23 hours ago

Strategy (MSTR) stock is climbing back toward $100, closing Monday near $97.68 after a 5% jump, even though the Bitcoin behind it has barely moved near $64,000.The stock is down about 38% in 2026, a s

4 Memory Stocks Cramer Says Could Avoid an AI Bust and Keep Climbing Jim Cramer says four memory chip stocks still have room to climb, even after posting some of 2026’s biggest gains. The Mad Money host argues Micron, SanDisk, Seagate, and Western Digital have broken t

Author Beincrypto

23 hours ago

Jim Cramer says four memory chip stocks still have room to climb, even after posting some of 2026’s biggest gains. The Mad Money host argues Micron, SanDisk, Seagate, and Western Digital have broken t

Popular Symbols