DeFi Off the Hook for Crypto Tax Reporting
By EsqSocial Corporation 30/04/25
Congress and President Trump have provided legislative relief to decentralized crypto exchanges (and DeFi protocols) from the tax reporting obligations applicable more generally to crypto ‘brokers.’ On April 10, President Trump signed Public Law 119‑5, overturning the Internal Revenue Service’s (“IRS”) recent extension of the tax reporting obligations applicable to crypto brokers to include DeFi exchanges, as previously discussed....
By: Cadwalader, Wickersham & Taft LLP