President Donald Trump has signed legislation reversing a major IRS rule concerning DeFi brokers. This change may have a positive impact on the cryptocurrency market.
Trump's Pro-Crypto Shift
Trump has reversed an IRS rule affecting DeFi brokers, signaling a shift in U.S. policy favoring cryptocurrency. This event is significant as it addresses previous regulatory ambiguities. Binance representatives stated that this move is part of a broader strategy to establish the U.S. as a leader in digital assets.
Impact on Bitcoin Market
The policy change is expected to improve market conditions in the U.S., particularly for Bitcoin, which is increasingly viewed as a strategic reserve. This may lead to increased institutional investment and active participation in DeFi, enhancing market liquidity and activity.
Reactions and Expert Predictions
Reactions from the crypto community and market analysts are cautiously optimistic. David Zimmerman of K33 Research emphasized the potential for increased benefits for cryptocurrencies. Vetle Lunde, Head of Research at K33, stated: "Cryptocurrencies are expected to benefit from several favorable factors initiated by Trump, while the stock market may face renewed tariff challenges, setting the stage for Bitcoin's relative strength in the coming months."
Thus, Trump's reversal of the IRS rule may not only change the cryptocurrency market but also mark a turning point for a new era in the regulation of digital assets in the U.S.
