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The Establishment’s Last Stand: DEX Belongs to Brokers
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2024-12-28 12:03 2,321

The Establishment’s Last Stand: DEX Belongs to Brokers

The Internal Revenue Service (IRS) recently proposed a compliance requirement: brokers must report digital asset transactions, and expanded the scope of this requirement to various Front-end platform (referring to Dex).

However, this requirement will not be implemented until 2027, when the entire 2026 year will pass Dex If you make a profit from a transaction, you have to file a tax return~

Everyone in the industry knows that this document It is aimed at Defi (decentralized finance)

Currently, Defi is the last piece of pure land that is completely free of regulation.

The IRS documents mentioned Defi many times, for example:

"The Treasury Department and the IRS do not agree that these final regulations reflect a bias against the DeFi industry or that these regulations will discourage the adoption of this technology by law-abiding customers."

Treasury and IRS do not believe these final regulations reflect a clear commitment to DeFi Industry bias also does not believe these regulations will prevent law-abiding customers from adopting the technology.

"Information reporting by DeFi brokers under section 6045 will lead to higher levels of taxpayer compliance because the income earned by taxpayers engaging digital assets transactions without a custodial broker will be made more transparent to both the IRS and taxpayers.”

DeFi brokers’ reporting of information under Section 6045 will improve taxpayer compliance , because the income taxpayers receive from trading digital assets without a custodian broker will be more transparent to both the IRS and taxpayers.

But don’t panic, first of all, this affects tax residents in the United States, and non-Americans are not affected at all.

Secondly, Trump Promised to exempt cryptocurrencies from capital gains tax (see details on Trump’s other crypto promises except these two)

Fire. SEC Commissioner Gary Gensler.

Fire the current SEC chairman on his first day in office

Introduce a national strategic Bitcoin reserve.

Establishing a Bitcoin strategic reserve

Appoint a Bitcoin and crypto presidential council to design regulatory reforms.

Developing Presidential Commission on Bitcoin and Crypto to Address Regulatory Reform

Ensure that Bitcoin continues to be mined in the U.S.

Ensure that Bitcoin continues to be mined in the U.S.

< p style="text-align: left;">Make the U.S. the “Crypto Capital” of the world.

Make the U.S. the “Crypto Capital” of the world.Secret Capital

Remove capital gains taxes on Bitcoin transactions.

Cancel Bitcoin transactions Capital Gains Tax

Ensure that the U.S. does not introduce a CBDC.

Ensure that the U.S. does not introduce a CBDC. CBDC will be issued

If Trump can fulfill his tax exemption promise before 2027, then the IRS will be busy in vain~

Come on Trump~< /p>

Keywords: Bitcoin
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