daily-report-11-04-2025

President of the United States, Donald Trump, has just signed an important resolution repealing a controversial rule from the Biden administration era. The rule, issued by the Internal Revenue Service (IRS), previously required Decentralized Finance (DeFi) platforms in the U.S. to act like brokers, including reporting user activities.

With this decision, Trump is sending a strong signal that the pro-crypto stance is beginning to gain serious traction at the highest levels of the U.S. government, even reaching Congress.

3 Key Things You Need to Know About Trump’s Repeal of the DeFi Rule:

1. IRS Rule on DeFi Officially Repealed

This resolution was passed by the U.S. Congress in a bipartisan manner (supported by both major parties), marking the official cancellation of the IRS policy deemed burdensome to innovation in the DeFi sector.

2. First Pro-Crypto Measure to Reach the Presidential Level

This marks a historic moment as it is the first pro-crypto policy to be passed and approved by the President of the United States.

3. Next Focus of Regulation: Stablecoins & the Crypto Market

Following this move, Congress is expected to shift its focus toward the legalization of stablecoins and the development of more comprehensive crypto market regulations.

What Does This Mean for the Crypto Community?

This repeal is seen as a huge victory for the DeFi community, which has long felt pressured by tax rules that don’t align with the nature of decentralized financial systems. Many analysts view this as a potential turning point for crypto regulation in the U.S., toward a more positive and innovation-friendly direction.

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Disclaimer:
This material is for general information and is not investment advice, a recommendation, or a solicitation to buy and sell any cryptocurrencies, digital assets, securities, or derivative instruments, or to make any investments. Any opinions or estimates are the best judgment of the research team as of the date of preparation and are subject to change without notice. Mobee is not obligated to update this report based on information and events that occurred after this report was created and published. Any suggestions or recommendations in this report may not be appropriate for certain users.