
The White House has expressed its support for the Congressional Review Act (CRA) introduced by Senator Ted Cruz and Representative Mike Carey, aimed at rescinding the Broker DeFi Rule. This rule has been characterized as a last-minute measure by the Biden administration that seeks to impose restrictions on the cryptocurrency sector. The announcement has been positively received within the crypto community, with advocates arguing that the rollback would foster innovation in the sector. The Senate is expected to deliberate on this matter today.
🚨NEWS: The @WhiteHouse introduces support for the CRA to overturn Biden’s Broker DeFi Rule crackdown on crypto. https://t.co/Q5sGZHmmo7
BREAKING: THE WHITE HOUSE SUPPORTS CRA TO RESCIND THE CONTROVERSIAL BROKER RULE TARGETING DEFI. BULLISH FOR CRYPTO 🚀 https://t.co/WD8fSn88pg
🚨BREAKING: WHITE HOUSE AND CRYPTO CZAR DAVID SACKS ENDORSES THE ROLLBACK OF THE IRS BROKER RULE SET TO BE DELIBERATED IN THE SENATE TODAY

