US #Congress passed a bill excusing the #crypto industry from reporting income to #IRS. The tax is still due, but will not be collected, a $4 billion gift to the crypto industry https://www.huffpost.com/entry/defi-broker-rule-congressional-review-act_n_67e464e2e4b0f938ef04cb99
HuffPost · Congress Approves $4 Billion Giveaway To Crypto Industry
This is the chilling part:
"The IRS will now be forbidden from ever promulgating a similar rule in the future."