In a major victory for the cryptocurrency industry, Trump has signed groundbreaking legislation blocking IRS DeFi rules, particularly benefiting decentralized exchanges (DEXs). This regulatory clarity is expected to drive significant growth in the DeFi sector, creating opportunities in select crypto presales.
Understanding Trump’s DEX Tax Relief Impact
The IRS previously classified DEXs as brokers, requiring them to report user transactions – a nearly impossible task given blockchain’s anonymous nature. The new legislation removes this classification, allowing DEXs to operate without burdensome reporting requirements.
This regulatory shift aligns with Trump’s broader crypto-friendly policies that have already boosted Bitcoin prices. With DEX trading volume currently at $5.91B daily, experts predict substantial growth in decentralized trading.
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