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In a historic development, the White House has indicated its support for the repeal of the IRS DeFi broker rule. The December 2024 regulation, which defined “broker” to include decentralized finance (DeFi) platforms and subjected them to strict reportage requirements, has been faulted for stifling innovation and intruding into people’s private lives. The administration’s approval is in sync with congressional efforts led by Senator Ted Cruz and Representative Mike Carey to repeal the regulation. The decision is a policy pivot towards DeFi regulation, balancing the imperative of compliance and taxation and supporting development in this sector. Congressional Pushback and Industry Response The crypto industry, accompanied by friendly legislators, organized a collective front to challenge the IRS’s regulation of DeFi brokers. The Blockchain Association, which has over 75 actors, implored Congress to cancel the regulation in February of 2025, terming it a regulation overreach. Senator Ted Cruz submitted a resolution under the Congressional Review Act (CRA) to cancel the regulation, which he asserted was outside congressional intent and could stifle innovation in the DeFi market. The move in Congress was a sign of the growing political strength of the cryptocurrency market and its potential to mobilize in defense of perceived regulation overreach. White House Approval of the Repeal Efforts White House Crypto and AI Advisor David Sacks, in a big move, has declared that it strongly supports congressional repeal of the IRS DeFi broker rule. The administration is in agreement with concerns that the regulation can suppress American innovation and is also concerned with privacy in that taxpayers’ private data has to be disclosed. The administration’s decision to lend its support is one of balancing compliance and facilitating development in the DeFi sector. The decision is in harmony with champions in the sector, and this is one step towards more mature regulation in the rapidly evolving digital asset sector. A Pivotal Moment for DeFi Regulation The approval of the CRA resolution for the repeal of the IRS DeFi broker rule by the White House is a milestone in regulating decentralized finance (DeFi). It underscores the necessity of implementing a policy that is mindful of the unique character of DeFi platforms but not excessively burdensome in compliance. The move of the Senate to bring this resolution to a vote has significant implications for future regulation of America’s DeFi. Success in repealing could pave the way for targeted regulation that encourages innovation while making compliance easier and ensuring consumers are protected. Failure to repeal could foreshadow stricter regulation, which could slow the development of the DeFi ecosystem. Navigating the Future of Crypto Regulation The debate on the repeal of the IRS DeFi broker rule is reflective of the integration of regulation and innovation in the crypto sphere. Tax compliance is necessary, but regulations should not go to the point of stifling emerging technologies. The expression of White House approval of the repeal of this regulation is in line with recognizing there is a call for a well-crafted policy to facilitate growth while ensuring public interest. The future of digital assets is unfolding, and policymakers now find themselves having to design structures that can regulate innovation while not undermining regulatory purposes. The end product of this legislative process will serve as a lead for future regulation of cryptos in America and how America can capitalize on decentralizing technologies. It is necessary to achieve this harmony in order to ensure America continues to remain in its position of preeminence in financial innovation and to ensure investors’ and consumers’ interests. The ongoing interaction of policymakers and industry experts will be part of designing a regulatory environment conducive to compliance and innovation. The post White House Shocks Crypto World: David Sacks Backs Repeal of the IRS DeFi Broker Rule appeared first on Coinfomania.

Recent price moves make one thing clear: The U.S. holds the key to crypto’s 2025 trajectory. The recent panics hasn't ended the bull run, and I believe another round of rally is on the way. Crypto’s fundamentals are rock solid, adoption is up, institutional bags are getting heavier, real-world use cases are expanding, and above all, Bitcoin’s long-term value is intact. So why does the market still feel like it’s walking on eggshells? Because crypto isn't just an isolated degen playground anymore. With the U.S. government and Wall Street institutions now in the game, it’s now a heavyweight player, moving in sync with U.S. policies, macroeconomics, and political shifts. Yes, Asia is accelerating adoption, Europe is implementing MiCA regulations, and institutions are deploying capital. But let’s be real. The U.S. is still the biggest variable. With Trump’s shifting policies (e.g. tariffs) and institutions adjusting to the evolving regulatory landscape, short-term instability is inevitable, but it won’t kill the cycle. Debt and liquidity are long-term drivers. The U.S. will ultimately need to devalue debt, and Bitcoin remains one of the best anti-debt, anti-inflation hedges out there. The bull run isn’t over, but how fast (or slow) we send this cycle will depend heavily on U.S. policies and liquidity conditions.

Thoughts on chanting.. When you chant names, you find your breath taking on a subtle tone with a frequency that calms your mind, makes you focused, cuts the chain of thoughts, and helps you connect with the unknown dimension with more practice. The heart plays a crucial role in this connection—it is not just a physical organ but a vessel of deep emotions, intuition, and the silent language of the soul. When you chant with devotion, the vibration doesn’t just stay in the mind; it resonates in the heart, creating a bridge between the seen and the unseen, between the self and the cosmic rhythm. The heart, unburdened by logic and untouched by external conditioning, responds to chanting in its purest form—synchronizing with the breath, expanding in stillness, and opening pathways to divine communion. There are some special names like “Ram, Om, Radhe, Krishna” that are used for chanting—names that carry the collective belief of people from the oldest religion in history. These names have been chanted by gazillions of people over the course of thousands of years. They carry the weight of collective manifestation—if you believe manifestation works, then chanting works. But how does manifestation really unfold through chanting? When you chant, you are not simply uttering words—you are aligning your entire being with an energy field that has been charged with centuries of devotion. The universe, as many ancient traditions suggest, is not indifferent; it is a field of vibrations where thoughts, intentions, and emotions shape reality. Chanting is the act of pouring your deepest intentions into this cosmic field, reinforcing them with sound, rhythm, and faith. The Bhagavad Gita speaks of the power of unwavering devotion—how the mind, when constantly attuned to the divine, merges with it. The Upanishads whisper of the sacred syllables that hold the key to transcendence. Even modern quantum physics suggests that observation and intention influence the unfolding of reality at a subatomic level. Chanting, then, is not just an ancient ritual but a timeless method of bringing thoughts into form, aligning one's energy with the greater cosmic design. Chanting is the best way to manifest—when you chant, you manifest your relationship with the ultimate God; when you chant, you connect with cosmic energy with your heart, body, and mind, finding the perfect sync. When you chant, you begin removing the clutter of thoughts, discovering a new pattern in life where you experience fewer negative thoughts and more positive ones—your enthusiasm increases, your passion finds its way, you start to bloom, you find your calling, and you see the truth as it is. You become free from conditioning; chanting cleanses your heart and mind. And when you take care of your body too, you end up cracking the trilemma of life—having a great mind, heart, and body at the same time. Once you crack that, you find real joy, you find yourself, and you meet the ultimate source—whom we know by different names—who lives in all of us. It’s just that we never knew it until we try and walk the journey to meet our master—the master who is behind the screen on which the movie of life is being played, until our last breath.

Ripple CTO says XRPL meme coins are closely tied to $XRP price Ripple CTO David Schwartz said on X that many XRPL-based meme coins rely almost entirely on XRP liquidity through automated market makers (AMMs), meaning their prices often rise or fall in sync with XRP. While meme coin prices can also move independently, holders are indirectly exposed to XRP’s price fluctuations.

Oklahoma’s Strategic Bitcoin Reserve Act (HB 1203 ) has advanced past the House Government Oversight Committee with a 12-2 vote and will now proceed to a full House floor vote. If enacted, the bill would integrate Bitcoin into the state’s financial planning. The bill, sponsored by Representative Cody Maynard and Senator Frix, received support from 12 committee members, with 2 opposing votes. Representative Hays was added as a coauthor. The committee has issued a “DO PASS” recommendation, signaling strong legislative backing. A recent tweet from Cointelegraph reports that the bill could allow Oklahoma to allocate 10% of public funds into Bitcoin or other digital assets exceeding a $500 billion market cap. While the bill does not explicitly mention these figures, multiple states, including Arizona and Utah, are exploring similar digital asset reserves. 🇺🇸 TODAY: Oklahoma’s Strategic Bitcoin Reserve Act (HB 1203) has passed the House committee, advancing for a House floor vote next. The bill allows the state to invest 10% of its public funds into Bitcoin or any digital asset with a market cap of over $500B. pic.twitter.com/6TJl9JZsKd HB 1203 seeks to create a Bitcoin reserve owned by the state, which may involve savings accounts and pension funds. The reasoning is that Bitcoin is a valuable asset for stability due to its decentralized system and its supply is capped. Oklahoma can increase its financial stability by diversifying in digital assets. Its supporters argue it can make Oklahoma a blockchain leadership destination, attracting crypto-related businesses and investment. The move is in sync with other states, for example, Texas and Pennsylvania , which consider Bitcoin reserves. Its volatility, regulatory uncertainty, and security risk have been criticized. Critics argue public funds should not be left in market hands without firm protections. The bill will proceed for a vote on the House floor. If it is approved, it proceeds to the Senate before it can reach the Governor for signature. If it is signed, Oklahoma can potentially be among the first states in which Bitcoin is part of its monetary policy, setting a precedent for other states thinking about such a policy. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.