U.S. Congress Don Show Face For Crypto As Dem Cancel IRS Rule, Dey Pave Way For DeFi And Stablecoin Growth
Recent congressional actions don affect di crypto landscape well well as dem overturn one IRS rule wey say make DeFi platforms dey do tax reporting wey no make sense. Dis move, wey get support from both Democrats and Republicans, dey show say things dey change to make law for crypto dey better for United States. Di decision dey align with how crypto lobbyists and big industry players dey get more political power as dem dey push for better trading regulations and stablecoin governance. Dis change dey show say regulatory pressure fit reduce for decentralized finance markets, wey dey mark a change from di defensive strategies wey di sector dey use before. Di change fit dey good for di crypto industry, wey dey promote law wey no too tight.
Bullish
Di recent decision wey congress make to cancel IRS rule show say political support dey grow for crypto industry, especially DeFi, and e fit reduce how regulation go dey heavy. This positive political movement wey bipartisan support and lobbying effort dey drive fit lead to legislative environment wey no too strict, wey go encourage innovation and growth inside crypto markets. Things like this dey ginger traders to dey optimistic, and e dey suggest say market go dey bullish.