Trump Signs Law Exempting DEXs from IRS Broker Regulations

The IRS has changed its definition of a broker to include decentralized exchanges (DEXs), raising concerns among DeFi platforms. However, President Trump has signed a new law that exempts DEXs from these regulations.

Key Points

Trump's law overturns IRS classification of DEXs as brokers.
This change alleviates regulatory compliance burdens for DEXs.
The total 24-hour trading volume on DEXs is currently $5.91 billion.
Expect an increase in trading volumes due to reduced regulatory uncertainty.

Implications for DEXs

This development supports the DEX industry by allowing for greater operational freedom and innovation.

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