US Lawmakers Repeal New Crypto Rule
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As one door closes, a better one opens. With US lawmakers repealing the controversial ‘DeFi broker rule,’ the crypto space is seeing a shift toward greater clarity. Seizing the moment, Meme Index is preparing to launch a revamped meme coin ecosystem tailored for new investors. This innovative setup will simplify entry into the meme coin market while enhancing security, accessibility, and transparency. The rule, rumored to take effect in 2027, was initially designed to require brokers to report new crypto transactions and taxpayers to the Internal Revenue Service (IRS). But the House Ways and Means Committee voted on passing it yesterday. Lower Taxes on the Horizon for New Crypto Buyers The repeal of the DeFi broker rule is a major win for new crypto investors who feared higher tax burdens—scaled based on income—and potential roadblocks to digital asset innovation. The rule would have also created massive bureaucratic hurdles, overwhelming the IRS with paperwork while forcing US brokers to navigate complex reporting requirements for data they don’t typically collect. By removing this regulatory overreach, the decision clears the way for a more streamlined and innovation-friendly crypto environment. As the DeFi landscape continues to evolve with fewer hurdles, Meme Index is preparing to bring more favorable structures to the bustling crypto realm by soon launching the world’s first decentralized meme coin indexes. New Crypto Project to Bring Favorable Structure to Meme Coin Arena Meme Index is dubbed as being one of the best presales in 2025 owing to the soon launching of four blockchain-based meme coin indexes with contrasting risk profiles. Look at the Meme Titan Index, for instance. It highlights the top eight meme coins that are low risk, whereas the Meme Frenzy Index features the most volatile coins that have the potential to offer the most outstanding returns if successful. Source:…
Filed under: News - @ February 27, 2025 12:28 pm