The US Senate, the important crypto money line that led to intense controversy in recent weeks Decentralized finance (Defi) is preparing to re -vote the draft law that will cancel the mediator rules. According to information transferred by Eleanor Terrett Fox Business correspondent, the voting law on Thursday will be the last stage for the draft law to enter into force. The draft was previously accepted as “super majority” with the strong support of both parties on March 4. However, due to a technical problem, the Senate needs to vote again. If the voting results in a positive result, the bill is the earliest on Friday, President Donald Trumpcan be presented to the signature.
Why is the cancellation of controversial defi rules important?
US Tax Office (IRS) Defi mediator rules caused a large reaction in the crypto currency world. If these rules entered into force, defi protocols and users would be obliged to report the transaction records to IRS.
The rules directly targeted the defi ecosystem, which emerged as an alternative to traditional financial institutions such as decentralized stock exchanges and lending protocols. Crypto currency Many experts and users in the world believe that this regulation will prevent the growth of the sector and undergo innovation.
Legislatives who want to cancel the regulation argue that the defi protocols do not serve as intermediaries and that the user transactions are anonymous due to the nature of the user transactions. Protocols of the rules will be in a difficult situation in collecting and reporting user data. Sector representatives and users believe that defi applications will grow more easily if the rules do not come into force.
Why will the draft law be voted again?
It turned out that a technical mistake was made in the vote on March 4, when the bill was first accepted. Due to this technical failure, the Senate needs to re -vote the bill. The technical problem was not clearly shared with the public, but this situation in the voting procedure is entirely related to the procedure. The new vote is only important for the completion of the procedure and will not cause any changes in the content of the bill.
Once the bill has been re -voted and approved, the last step to enact Donald Trumpwill come in front of. Trump is expected to sign the bill because he has not given a negative opinion on this issue before, nor did he signal against the bill.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
