US President Donald Trump signed a joint Congress resolution on 10 April, overturning a biden-era, which requires a decentralized finance (DEFI) protocol to report to the country’s tax authority, internal revenue service.

The rule will require DEFI platforms, such as the decentralized exchange, to record their gross income from the sale of crypto and to include information about those involved in the transaction.

Trump was widely expected to sign the bill, as the White House AI and Crypto Caesar David Sachs said in March that the President would support the killing of the measure.

This is a developing story, and further information will be added as it is available.