Will the IRS "Broker DeFi Rule" be removed before August?
This market will resolve to "Yes" if the rule titled "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales" (Treasury Decision 10021), published in the Federal Register on December 30, 2024, is repealed or rescinded by July 31, 2025 11:59 PM ET. Otherwise this market will resolve to "No". Any removal of the requirement for affected brokers to collect know-your-customer (KYC) data and report transaction details to the IRS, whether through the Congressional Review Act (CRA), standalone legislation, an executive action, or other means will qualify. The primary resolution source will be official information form the U.S. Government however a consensus of credible reporting may also be used.
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