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

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

MicroStrategy’s Bitcoin Holdings Hit $63.46 Billion Record Strategy’s Bitcoin (BTC) treasury climbed to a record $63.46 billion as of April 26, with the company holding 815,061 BTC across 107 purchase events at an average cost of $75,528 per coin.The treasury

Author Beincrypto

Apr 27, Mon

Strategy’s Bitcoin (BTC) treasury climbed to a record $63.46 billion as of April 26, with the company holding 815,061 BTC across 107 purchase events at an average cost of $75,528 per coin.The treasury

Ethereum (ETH) Sell Pressure Concerns Rise, But 4 On-Chain Signals Flash Bullish Galaxy Digital moved roughly 45,000 Ethereum (ETH) worth over $100 million into three crypto exchanges. The transfer raises fresh concerns about institutional selling pressure on the second-largest cr

Author Beincrypto

8 hours ago

Galaxy Digital moved roughly 45,000 Ethereum (ETH) worth over $100 million into three crypto exchanges. The transfer raises fresh concerns about institutional selling pressure on the second-largest cr

HOOD Stock Topples After Robinhood Earnings Reveals 47% Decrease in Crypto Revenue Robinhood Markets shares slipped about 6% in after-hours trading Tuesday after the retail brokerage reported a 47% year-over-year drop in cryptocurrency revenue, dragging overall first-quarter results

Author Beincrypto

8 hours ago

Robinhood Markets shares slipped about 6% in after-hours trading Tuesday after the retail brokerage reported a 47% year-over-year drop in cryptocurrency revenue, dragging overall first-quarter results

Bitcoin Bull Run Brewing: ATH In Sight By Late 2026: Analyst Bitcoin’s valuation against gold has dropped to one of its lowest levels on record — a signal that, historically, has shown up near major market bottoms. Related Reading: Trump’s Bitcoin

Author NewsBTC

8 hours ago

Bitcoin’s valuation against gold has dropped to one of its lowest levels on record — a signal that, historically, has shown up near major market bottoms. Related Reading: Trump’s Bitcoin

Popular Symbols