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

The Silver Short Squeeze: Only 14% of Futures Are Covered Silver futures surged past $117 on January 29, extending a historic rally with 275% gains over the past year. A severe physical supply crunch is driving the surge. Warehouse inventory now covers just

Author Beincrypto

Jan 29, Thu

Silver futures surged past $117 on January 29, extending a historic rally with 275% gains over the past year. A severe physical supply crunch is driving the surge. Warehouse inventory now covers just

Solana Price Forecast: SOL approaches critical support as bearish outlook persists Solana (SOL) is trading in the red, down 2% at press time on Thursday, aligning with the broader cryptocurrency market correction as the US Federal Reserve (Fed) kept the interest rates unchanged on Wednesday.

Author Rachel Weiss

Jan 29, Thu

Solana (SOL) is trading in the red, down 2% at press time on Thursday, aligning with the broader cryptocurrency market correction as the US Federal Reserve (Fed) kept the interest rates unchanged on Wednesday.

Gold Prices Surge Amid Rising U.S.-Iran Tensions, Driving Safe-Haven Demand to New Heights Gold prices rebounded Wednesday, climbing 0.9% to $4,995.60 an ounce as geopolitical tensions between the U.S. and Iran heightened demand for safe-haven assets, despite recent market volatility.

Author Mitrade

Feb 04, Wed

Gold prices rebounded Wednesday, climbing 0.9% to $4,995.60 an ounce as geopolitical tensions between the U.S. and Iran heightened demand for safe-haven assets, despite recent market volatility.

3 Altcoins to Watch In The Second Week Of February 2026 Altcoin momentum is picking up as renewed buying pressure returns to select high-beta tokens. After a period of consolidation and volatility, several charts are now flashing continuation signals and r

Author Beincrypto

Feb 10, Tue

Altcoin momentum is picking up as renewed buying pressure returns to select high-beta tokens. After a period of consolidation and volatility, several charts are now flashing continuation signals and r

How Polymarket Is Turning Bitcoin Volatility Into a Five-Minute Betting Market Prediction platform Polymarket recently launched a new feature that lets users bet on cryptocurrency price movements every five minutes.The event signals rising demand for real-time crypto sentiment d

Author Beincrypto

Feb 13, Fri

Prediction platform Polymarket recently launched a new feature that lets users bet on cryptocurrency price movements every five minutes.The event signals rising demand for real-time crypto sentiment d

Popular Symbols