U.S. Senate votes to repeal IRS's controversial regulation, Trump expected to sign into law
🟢 The U.S. Senate just voted 70-28 to repeal a controversial tax regulation from the IRS, which required DeFi platforms to operate as securities brokers, collecting and reporting users' transactions. 🟢 This regulation was issued at the end of President Biden's term, but was strongly opposed by the crypto community, claiming it threatens privacy and could hinder the industry's growth.
💥 Mt. Gox has transferred an additional 11,501 $BTC ($1.01 billion) 3 hours and 30 minutes ago, of which 10,608 $BTC ($927 million) was transferred to a new wallet and 893 $BTC ($78 million) was transferred to a hot wallet.