Trump Just Signed a Law Protecting DeFi Platforms… Including His Own Crypto Exchange

If you thought yesterday’s crypto news was wild… where the Justice Department basically said “alright scammers, carry on”... hold onto your horses, because today, President Donald Trump just signed a bill that hands DeFi platforms a get-out-of-jail-free card. And, as it turns out, that includes his own crypto exchange, World Liberty Financial.

Trump, who once called Bitcoin “a scam,” now owns a digital asset exchange. And this week, he signed legislation that just so happens to dismantle an IRS rule targeting decentralized exchanges. Talk about timing.

Back in the final weeks of the Biden administration (when people were still debating if he knew what a blockchain was), the IRS introduced a rule that would have classified certain DeFi platforms as brokers… requiring them to track and report users’ crypto transactions, similar to how traditional financial institutions report stock trades.

Meaning DEXs like Uniswap would’ve had to start acting like Coinbase, tracking your trades, logging your wallet activity, and filing neat little tax forms to hand over to the feds. Never mind the fact that these platforms are code, not companies… and that DeFi devs couldn’t file a user’s tax info if they tried, because they literally don’t know who you are. The industry obviously hated it.

Crypto advocates said it was like asking your microwave to do your taxes. It doesn’t have a clue who you are or how many tendies you made flipping PEPE coin last April. And now thanks to Trump, it doesn’t have to.

The IRS rule was set to kick in by 2026, but both the House and Senate killed it off in March using the Congressional Review Act. The repeal had strong bipartisan support, which is impressive considering most people in Congress still think NFTs are a brand of nicotine gum.

But the real cherry on top was Trump’s signature this week made it official. And in case anyone’s wondering, this is the first pro-crypto bill to make it all the way through Congress and into law. That’s kind of a big deal.

And let’s just say… that signature wasn’t entirely selfless. Trump’s own exchange, World Liberty Financial, would’ve been caught in the blast radius of that IRS rule. The company is still in its early stages but is reportedly working on building out both centralized and decentralized trading features.

Anyways, now that DeFi’s been given the regulatory equivalent of a hall pass, the next crypto fight on Capitol Hill is around stablecoins and potentially building a national bitcoin stockpile (still can’t believe that’s real). Trump’s already asked Congress to send him a bill by August to regulate stablecoin issuers and establish ground rules for crypto markets. Which means we’re one step closer to a future where your grandma gets her Social Security in Melania Coin.

Also, fun fact… The government’s own number crunchers say scrapping the IRS rule means around $4 billion in taxes will go uncollected over the next decade. Which is roughly the amount raised during the last 400 memecoin rugpulls, give or take.

PS: Don’t fall for the narrative that nothing’s going up in this Trump tariff firestorm… that’s just noise. While the headlines scream doom and gloom, our Stocks.News Premium members are getting early alerts on stocks that explode 50%... even 100%+ in a single day. Every. Single. Week.

If you're sick of watching these moves from the sidelines, it might be time to get off the bench. With Premium, you’ll get two trade alerts a week, plus access to our Insider Trading Tool that tracks everyone from overpaid CEOs to your favorite Congress members magically buying before the news breaks.

Oh, and unlike Bloomberg, we don’t charge a small fortune to deliver actionable info. Their terminals might look fancy, but do they catch real-time squeeze setups and insider buys before they rip? Yeah… didn’t think so. Go here to become a Stocks.News premium member now.

Stock.News does not have positions in companies mentioned.