According to BlockBeats, on March 4th, US crypto friendly Senator Cynthia Lummis reposted the news that the White House will support CRA to revoke DeFi broker rules, stating that "the IRS's regulations on DeFi fundamentally misunderstand how decentralized technology operates.
Wyoming has always been at the forefront of responsible digital asset regulation, and I have witnessed firsthand how regulatory clarity - rather than over regulation - promotes innovation. These tough federal regulations may push American crypto entrepreneurs overseas, at a time when we should be nurturing this industry domestically. I am honored to work with Senator Ted Cruz to undo this attack on the crypto community
