Trump’s Crypto Cowboy Act: IRS DeFi Rule Kicked to the Curb! 🤠
In the same way a hardy farmer tosses aside an ill-worn plow, Representative Mike
Carey of Ohio, joined by Senator Ted Cruz from Texas, wielded the mighty Congressional
Review Act to strike down the rule. This rule had been crafted to rope in every
digital innovator—from the creators of self-custodial wallets to the dreamers of
decentralized apps—forcing them to play accountant for a system that had never learned
the dance of decentralization.