Today in crypto news, a New York lawmaker has introduced a bill allowing state agencies to accept cryptocurrency payments, including Bitcoin. This legislation permits crypto payments for various financial obligations. This move follows another New York bill aimed at preventing cryptocurrency fraud. Additionally, President Donald Trump signed a repeal of the IRS's controversial DeFi broker rule that would have imposed reporting requirements on decentralized finance platforms starting in 2027. Critics argued the rule would hinder innovation, while supporters feared it would create loopholes for tax evasion. Lastly, the SEC has dropped a lawsuit against Helium, a decentralized wireless network, for allegedly issuing unregistered securities. This dismissal signifies a shift under the new administration as it concludes earlier enforcement actions against crypto developers during the previous chair's tenure. These developments indicate a more favorable regulatory environment for cryptocurrencies in the U.S.

Source 🔗