Day: April 11, 2025

Senate Dems Slam DOJ’s Decision to Axe Crypto Unit as a ‘Free Pass’ For Criminals

U.S. Deputy Attorney General Todd Blanche is under fire from Senate Democrats following his recent decision to narrow the Department of Justice’s (DOJ) crypto enforcement priorities and disband its crypto enforcement squad. In a Thursday letter to Blanche, six Senate Democrats — Sens. Mazie Hirono (D-Hawaii), Elizabeth Warren (D-Mass.), Dick Durbin (D-Ill.), Sheldon Whitehouse (D-R.I), Chris Coons (D-Del.) and Richard Blumenthal (D-Conn.) — blasted his decision to cut the National Cryptocurrency Enforcement Team (NCET) as “giv[ing] a free pass to cryptocurrency money launderers.” The Senators called Blanche’s directive that DOJ staff…

Trump signs resolution killing IRS DeFi broker rule

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US President Donald Trump has signed a joint Congressional resolution to repeal a rule that would have required DeFi protocols to report to the Internal Revenue Service. 258 Total views 1 Total shares News COINTELEGRAPH IN YOUR SOCIAL FEED US President Donald Trump on April 10 signed a joint Congressional resolution overturning a Biden-era rule that requires decentralized finance (DeFi) protocols to report to the country’s tax authority, the Internal Revenue Service. The rule would have required DeFi platforms, such as decentralized exchanges, to file their gross proceeds from crypto sales and…