US President Donald Trump has overturned the Internal Revenue Service’s decentralised finance (DeFi) broker rule, which makes it a significant win for DeFi protocols.
Here are the latest updates from the world of crypto over the past few days
US President Donald Trump has overturned the Internal Revenue Service’s decentralised finance (DeFi) broker rule, which makes it a significant win for DeFi protocols.
This will be expanded to existing reporting requirements to include DeFi platforms.
According to Cardano founder Charles Hoskinson, the increasing US crypto regulatory clarity will attract more tech giants to the space, requiring existing crypto projects to focus on more collaborative tokenomics to survive.
A Swedish Member of Parliament (MP) has proposed adding Bitcoin to the country’s reserve. This suggestion will increase openness to cryptocurrency adoption in Europe following recent moves by the United States.
According to Cointelegraph, Rickard Nordin, a Swedish MP issued an open letter urging Finance Minister Elisabeth Svantesson to consider adopting Bitcoin as a national reserve asset.
Nordin wrote in a letter registered on April 8, 2025: “Sweden has a tradition of a conservative and carefully managed foreign exchange reserve, mainly consisting of foreign currencies and gold. At the same time, there is a rapid development in digital assets, and several international players regard Bitcoin as a custodian and a hedge against inflation. In many parts of the world, Bitcoin is used as a means of payment and as security against rising inflation.”
A draft legislation in the US Senate is threatening to hit data centres serving Blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets.
The draft Bill is led by Senate Democrats Sheldon Whitehouse and John Fetterman, and aims to address environmental impacts from rising energy demand and protect households from higher energy bills, according to a Bloomberg report dated April 11, 2025.
The Clean Cloud Act requires that data centres and crypto mining facilities with more than 100 KW of installed IT nameplate power meet an emissions performance standard set by the Environmental Protection Agency (EPA).
The standard will be based on regional grid emissions intensities, with an 11 per cent annual reduction target. This legislation also includes penalties for emissions exceeding the set standard, starting at $20 per ton of CO2e, with the penalty increasing annually by inflation plus an additional $10.