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Kicking it off: If you hear people tell you that DeFi is dead…
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Now 🇺🇸 TL;DR:
Trump just became the first U.S. president to sign a crypto bill into law, repealing Biden’s DeFi broker rule.
The IRS can no longer treat decentralized protocols like traditional brokers.
Power shift engaged. Here’s what you need to know and how it changes the future of crypto in America.
What Just Happened?
🗓️ On April 11, 2025, President Trump signed legislation that officially kills the IRS DeFi Broker Rule — a Biden-era policy that would’ve forced decentralized protocols to collect and report user tax data like traditional finance brokers.
“This rule promised an end to the U.S. crypto industry — it was a sledgehammer to the engine of American innovation.” – Kristin Smith, Blockchain Association CEO
The bill had bipartisan support, passing both chambers of Congress with momentum. Even many Democrats backed the repeal — signaling a rare moment of political clarity:
DeFi ≠ TradFi.
Why Was This Rule So Dangerous?
⚠️ It threatened the entire U.S. DeFi ecosystem by:
Trying to force DeFi into a centralized mold: Protocols can’t KYC or report transactions — they’re code.
Risking a mass exodus of startups offshore, draining capital and innovation.
Violating privacy principles core to crypto, by demanding user data from decentralized protocols.
Why This Bill Matters (And Why Now)
This wasn’t just a regulatory rollback — it was a statement. 🖕🏼👨⚖️
✍️ Trump’s signature:
Signals the start of a U.S. DeFi revival
Gives breathing room back to builders
Puts pressure on the SEC to chill
Sets historic precedent — the first crypto bill ever signed into law by a U.S. president
Zoom Out: What’s Next for Crypto in the U.S.?
🔭 The bill won’t fix everything, but it’s a turning point. Here’s what comes next:
📈 Renewed VC appetite for U.S.-based crypto infrastructure
🛠️ More confidence for builders to launch onshore
⚖️ Legal clarity as other rules (like SEC’s DeFi crackdown) get challenged
🗳️ Crypto goes political — expect it to become a major 2025 election issue
Final Take: Innovation Just Won.
This wasn’t a win for one party or one president.
It was a win for every developer writing smart contracts in their garage.
Every founder launching a protocol from a dorm room.
Every investor sick of watching regulators try to squash what they don’t understand.
✅ The IRS overreached.
✅ Congress fought back.
✅ Trump signed it.
And now?
DeFi has breathing room again — right here in the U.S.
If this newsletter brought value, share it with your crew. If it didn’t then shoot us an email and let us know what you’d like to see more of.
DeFi’s future just shifted — glad you were here to see it.
Keep those Sunday Scaries at bay,
Nick
Founder, CryptoNuggs