In their final days, the Biden administration took executive action to hamstring the decentralized finance (DeFi) industry, which would create a hostile financial environment and make it impossible to operate in.
Soon, Congress is voting on a bill that would repeal a Biden-era, IRS rule that limits American innovation and would potentially export American jobs overseas.
Because of how difficult it would be to comply with the rule, the industry may ship their businesses overseas and American innovation and jobs would be on the line. The bill, S.J.Res. 3 sponsored by Senator Ted Cruz, would stop this rule dead in its tracks.
Sign the petition and urge Congress to overturn this harmful Biden administration rule now!