Trump’s Galactic Crypto Rebellion: Bureaucracy Level 42!

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In an act that defied logic and mildly annoyed the cosmic bureaucrats, Donald Trump flamboyantly signed a bill that tore up the IRS’s absurd attempt to redefine a “broker” to include those eccentric decentralized exchanges (DEXs). Don’t Panic! 😎

Rumor (courtesy of a rather surprised Reuters) suggests that the inclusion of decentralized finance (DeFi) exchanges in the ever-twisting world of crypto tax rules has been canceled faster than you can say “42,” leaving tax law as baffling as a Vogon poetry recital. 😂

The baffling crypto reporting rules, which were conveniently updated during the last tepid moments of the Biden administration, have since been reversed by both Republican-dominated Houses of Congress with the enthusiasm of mildly perturbed intergalactic civil servants.

Trump’s latest pen flourish is just another chapter in what crypto aficionados are calling a pro-crypto saga—one that’s as whimsical as a guide to the galaxy, complete with bureaucratic hiccups and inexplicable legislative detours.

Not too long ago, Bo Hines—the illustrious helmsman of the President’s Council of Advisors on Digital Assets—declared that the cosmos might be on the brink of a golden age for cryptocurrencies. One might even hear the distant chime of interstellar opportunity. 🚀

“At the end of the day,” someone muttered in what could only be described as an intergalactic council of the absurd, “from the gargantuan players to the tiniest specks, everyone just wants to operate in the U.S. as long as they have a clear, albeit quirky, rulebook to follow…” 🤓

And so, in a demolition phase that would make any supernova blush, barriers are being obliterated, paving the way for these cosmic builders to reconstruct their playground right here on our humble blue dot. 🌌

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2025-04-11 21:42