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

MicroStrategy Shares are Performing Better than Bitcoin In 2026, But How?MicroStrategy stock is up nearly 3% at press time, trading above $137 as markets opened on March 9. Strategy just announced another 17,994 BTC purchase for $1.28 billion.The stock trades 57% lower ove

Author Beincrypto

Mar 10, Tue

MicroStrategy stock is up nearly 3% at press time, trading above $137 as markets opened on March 9. Strategy just announced another 17,994 BTC purchase for $1.28 billion.The stock trades 57% lower ove

What to Expect From NVIDIA Stock Price in April 2026?NVIDIA (NASDAQ: NVDA) stock price trades at $177.64 on the 2-day chart, up 5.31% over the past days but still down 6% year-to-date. April sits at a unique inflection for the stock. The Iran conflict c

Author Beincrypto

Apr 08, Wed

NVIDIA (NASDAQ: NVDA) stock price trades at $177.64 on the 2-day chart, up 5.31% over the past days but still down 6% year-to-date. April sits at a unique inflection for the stock. The Iran conflict c

Palantir Earnings Could Ignite AI Stocks Before Nvidia One AI stock reports earnings on May 4, three weeks before Nvidia prints, and the technical setup is the most oversold it has looked in a year.Palantir (PLTR) closed above $143 on April 23, down about

Author Beincrypto

Apr 24, Fri

One AI stock reports earnings on May 4, three weeks before Nvidia prints, and the technical setup is the most oversold it has looked in a year.Palantir (PLTR) closed above $143 on April 23, down about

3 Massive Things That Could Happen After SpaceX Goes Public in June 2026 SpaceX’s June 12 listing is triggering a parallel pricing race in crypto. Synthetic perpetuals on Hyperliquid already imply a $2 trillion valuation for the rocket and satellite-internet group.Three fo

Author Cryptopolitan

May 28, Thu

SpaceX’s June 12 listing is triggering a parallel pricing race in crypto. Synthetic perpetuals on Hyperliquid already imply a $2 trillion valuation for the rocket and satellite-internet group.Three fo

Trump’s Iran Decision Sparks $350 Billion Stock Market Frenzy, But Bitcoin Extends Losses Wall Street added roughly $350 billion in market value within 15 minutes after Axios reported that US and Iranian negotiators had reached a draft ceasefire deal. Bitcoin (BTC) moved the other way, sli

Author Beincrypto

23 hours ago

Wall Street added roughly $350 billion in market value within 15 minutes after Axios reported that US and Iranian negotiators had reached a draft ceasefire deal. Bitcoin (BTC) moved the other way, sli

Popular Symbols