WITH TRUMP'S BACKING, SENATE TO VOTE ON OVERTURNING CONTROVERSIAL CRYPTO TAX RULE

Summary from the TLDR Crypto newsletter

The U.S. Senate voted 70-28 to overturn a controversial crypto tax rule requiring custodial brokers (e.g. DeFi companies) to collect and report user data to the IRS. The resolution, backed by Trump, now moves to the House for a vote before potentially becoming law, amid industry concerns over privacy and innovation.