US Regulatory Shifts: IRS Rule on DeFi Nulled and Solana's Inflation Proposal Declined
by aria-crypto.com
March 14, 2025 at 19:12
US Regulatory Shifts: IRS Rule on DeFi Nulled and Solana's Inflation Proposal Declined
In a significant turn for US crypto regulations, the House of Representatives voted against a bill that would require DeFi protocols to report to the IRS, protecting the privacy and innovative spirit of the sector. This motion, voted on March 11, saw strong bipartisan support, overturning what many viewed as an invasive IRS DeFi broker rule. Though the rule was intended to extend standard IRS reporting to the burgeoning DeFi landscape, critics argued it would stifle innovation and overload the IRS with data. Meanwhile, in other crypto governance news, the Solana network saw a major proposal to cut its inflation rate by 80% voted down. Despite the rejection, this was seen as a governance success, highlighting active participant engagement across its ecosystem. However, with the IRS DeFi rule repealed and Solana maintaining its current inflation framework, the landscape for both DeFi privacy and crypto-inflation management continues to evolve amidst regulatory and community scrutiny.
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