- The White House and David Sacks extend support to CRA in rescinding the IRS DeFi broker rule
- A crypto summit will be held on March 7 to discuss policies with crypto industry leaders.
- Trump’s recent announcement of a crypto reserve have caused a stir in market volatility.
President Donald Trump addressed the Joint Session of Congress on March 4, 2025, amid the ongoing crypto market chaos. He recently stirred up the entire crypto industry by announcing Strategic Crypto Reserve on Truth Social, including Bitcoin, Ethereum, Solana, XRP and Cardano. The above-mentioned coins experienced a steep surge and immediate dip, which Peter Schiff pointed to a planned pump and dump by Trump’s family.
Besides this, The White House is hosting an upcoming Crypto Summit on March 7, 2025, to discuss policies with prominent leaders in the crypto space. David Sacks, posted on X that the White House would support the CRA in rescinding the Internal Revenue Service (IRS) DeFi broker rule. All these events, along with Trump’s speech at the Joint Session, suggest a policy shift in the nation, which could potentially have a transformative effect on the crypto industry.
