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Crypto's IRS Victory Reveals Reach in Congress That Demands Less Compromise

As the industry moves forward with bills on stablecoins and market-structure rules, the kind of dealing lobbyists were prepared to make may no longer be needed.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)
Early votes on a tax rule for DeFi in this congressional session may reveal the direction of the crypto tide. (Jesse Hamilton/CoinDesk)