Trump signed a congressional resolution to abolish IRS cryptocurrency tax rules, requiring custodial brokers to report user data to tax authorities. This bill is the first cryptocurrency-related legislation to pass Congress with some support from Democrats. The DeFi Education Foundation believes this move is a positive signal for the development of Decentralization technology.

Former Fox reporter Eleanor Terrett revealed that Trump is ready to sign the resolution passed by Congress to overturn the IRS's tax regulations on DeFi platforms. The resolution aims to exempt DeFi protocols from complying with tax reporting requirements and has been passed by the Senate. If Trump signs it, it will become the first cryptocurrency bill signed into law by a president in U.S. history.

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Morgan Stanley CEO Ted Pick expressed optimism about the US stock market, believing that the US economy will continue to perform well in the coming years. He expects the S&P 500 index to pump, with sectors such as finance and industry likely to perform well as the economy continues to rise and some regulations are relaxed.

Golden Finance reports that Republican Senator Ted Cruz, who has always firmly supported Trump, issued a warning regarding the U.S. government's increased tariffs, stating that it will bring "great risks" to the U.S. economy and could lead to a "disastrous defeat" for the Republican Party in next year's midterm elections. Cruz stated in a podcast released on Friday that long-term trade tariffs will drive up inflation and severely impact the market, and the related economic consequences could help the Democrats reclaim the House of Representatives, and even potentially flip the Senate to gain majority status, although the odds are low.

Odaily Planet Daily News Morgan Stanley CEO Ted Pick said the U.S. economy will continue to perform well in 2025. He praised the Fed's cautious attitude and believed that Trump brought the risk of inflation. Ted Pick

BlockBeats news, on March 4th, the bill proposed by US Senator Ted Cruz aimed at overturning the new regulations for Decentralized Finance brokers by the Internal Revenue Service will be voted on in the Senate tomorrow.

Golden Finance reported that US Senator Ted

Odaily Planet Daily News: Republican Ted Cruz Supports Cryptocurrency

Golden Finance reported that Yat Siu, co-founder of Animoca Brands, revealed in a TED talk that the rise of the open Metaverse has exceeded common understanding. According to Siu, the Metaverse has generated over 30 billion dollars of economic activity, close to the fiscal reserves of New Zealand and surpassing the GDP of more than 100 countries including Cyprus and Iceland.