The final struggle of the establishment: DEX belongs to brokers

The Internal Revenue Service (IRS) of the United States recently proposed a compliance requirement: brokers must report transactions of digital assets and extend the scope of this requirement to various front-end platforms (referring to Dex).

However, this requirement will not be implemented until 2027. By then, if you make a profit through Dex transactions throughout 2026, you will also have to report taxes~

Everyone in the industry knows that this document is aimed at Defi (decentralized finance)

Currently, Defi is the last piece of pure land that is completely unregulated by the government.

The IRS document mentions DeFi many times, for example:

"The Treasury Department and the IRS do not agree that these final regulations reflect a bias against the DeFi industry or that these regulations will discourage the adoption of this technology by law-abiding customers."

The Treasury Department and the IRS do not agree that these final regulations reflect a bias against the DeFi industry or that these regulations will discourage the adoption of this technology by law-abiding customers.

“Information reporting by DeFi brokers under section 6045 will lead to higher levels of taxpayer compliance because the income earned by taxpayers engaging digital assets transactions without a custodial broker will be made more transparent to both the IRS and taxpayers.”

DeFi brokers’ information reporting under Section 6045 will improve taxpayer compliance because the income earned by taxpayers engaging digital assets transactions without a custodial broker will be made more transparent to both the IRS and taxpayers.

But don’t panic. First of all, the scope of this impact is U.S. tax residents, and non-U.S. persons are not affected at all.

Secondly, Trump has promised to exempt cryptocurrencies from capital gains tax (see Trump’s other promises on encryption have all been fulfilled except these two!).

Fire SEC Commissioner Gary Gensler.

Fire the current SEC chairman on his first day in office

Introduce a national strategic Bitcoin reserve.

Appoint a Bitcoin and crypto presidential council to design regulatory reforms.

Ensure that Bitcoin continues to be mined in the U.S.

Make the U.S. the “Crypto Capital” of the world.

Make the U.S. the “Crypto Capital” of the world style="text-align: left;">Remove capital gains taxes on Bitcoin transactions.

Cancel capital gains taxes on Bitcoin transactions

Ensure that the U.S. does not introduce a CBDC.

Guarantee that the U.S. will not issue a CBDC

If Trump can fulfill his tax exemption promise before 2027, the IRS will have worked in vain~

Come on, Trump~