According to paulgrewal.eth, the House has rejected the Biden-era DeFi Reporting Rule, which was deemed unworkable and would have overwhelmed the IRS with billions of new 1099s. This decision significantly reduces the regulatory burden on DeFi developers, marking a pivotal moment for the cryptocurrency industry. The rule now awaits the President's signature.

According to paulgrewal.eth, the House has rejected the Biden-era DeFi Reporting Rule, which was deemed unworkable and would have imposed significant burdens on developers by requiring billions of new 1099s to be filed with the IRS. This decision marks a bipartisan victory, and the matter now awaits the President's signature.

According to Cas Abbé, since Trump's win, crypto investors have been anticipating his announcement about buying BTC on the open market. However, this process is complicated by the requirement for approval from both the House and Senate, indicating significant legislative hurdles and time delays.

According to Crypto Rover (@rovercrc), the Texas Strategic Bitcoin Reserve Bill is set to move to the House, a development described as 'crazy bullish' for the cryptocurrency market. This legislative progress could significantly impact Bitcoin's valuation and trading dynamics, as it represents a major step towards institutional adoption and regulatory acceptance in a key U.S. state.

According to The White House, President Donald J. Trump announced the Senate's passage of the Take It Down Act, aimed at combating illicit deepfake images. The legislation, which has moved to the House for approval, seeks to address the growing concern over deepfake technology's misuse. Trump expressed his anticipation to sign the bill into law, highlighting the case of Elliston Berry, a victim of deepfake imagery, as a catalyst for the act.