According to Eleanor Terrett, the Senate has passed the Congressional Review Act (CRA) to nullify the IRS decentralized finance (DeFi) broker rule for the second time with a final vote of 70-28. This decision now moves to the desk of the President for approval. Traders in the DeFi market should closely monitor this development as it may significantly impact regulatory conditions and trading operations. The nullification of this rule could ease regulatory burdens on DeFi brokers, potentially increasing market activity and liquidity.

According to Eleanor Terrett, the Senate has passed Senator Ted Cruz's Congressional Review Act (CRA) aimed at rescinding the IRS DeFi broker rule with a super majority of 70-27. This move is seen as a significant step towards fostering American innovation in the cryptocurrency space. The resolution now heads to the House for further consideration.

According to Crypto Rover, the White House has announced its support for the Congressional Review Act (CRA) to repeal the Broker DeFi Rule, which was previously perceived as a regulatory measure against the crypto community. This move is considered a significant victory for the cryptocurrency market, potentially prompting increased trading activity and market confidence as regulatory pressures may ease. The decision is expected to positively affect decentralized finance (DeFi) platforms by reducing compliance burdens, thereby attracting more investors and traders to the crypto space.