GuShiio.com Sources revealed that if Congress passes a resolution to overturn new Internal Revenue Service (IRS) regulations related to cryptocurrencies, President Donald Trump may approve it. The regulation requires certain DeFi participants to report the total proceeds of crypto-asset transactions and related taxpayer information. The Congressional Review Act (CRA) resolution proposed by Republican Senator Ted Cruz has received 70-28 bipartisan support in the Senate, indicating that many Democratic lawmakers have also agreed to advance discussions. The resolution still needs to be passed by the Senate and House of Representatives before it can be sent to Trump for approval.（CoinDesk）
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