JUST IN: US House passes resolution to overturn the IRS DeFi broker rule.

This is likely to have more impact (bullish) than the 'bitcoin reserve' bs.

Explainer:
The "IRS DeFi broker rule" refers to a controversial rule proposed by the IRS that would classify decentralized finance (DeFi) entities as "brokers," thus requiring them to comply with additional tax reporting requirements, similar to traditional financial institutions. The resolution shown indicates that the U.S. House has voted to overturn this rule.

The proposed rule was controversial because DeFi platforms generally operate without centralized entities, making compliance complex or impossible. Opponents argued it would stifle innovation, limit privacy, and pose severe technical challenges for decentralized protocols.

This recent development, indicates legislative pushback to protect the DeFi space from potentially burdensome regulation.

Watch the tick movement????