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Today's Top Crypto Headlines:
Trump Repeals IRS Crypto Rule | Ulbricht to Speak at BTC Conf | SEC Drops Helium Token Case and more...
King Fatrick Gil Añasco
April 11, 2025
In partnership with
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Trump Repeals IRS Crypto Rule: Trump signed a bill repealing a Biden-era IRS rule requiring DeFi brokers to report user data.
Ulbricht to Speak at BTC Conf: Ross Ulbricht will make his first public appearance at the Bitcoin Conference after being pardoned by Trump.
💡Feature of the Day - SEC Drops Helium Token Case: The SEC dropped its lawsuit against Nova Labs over Helium’s tokens, a major win for DePIN projects.
All this and more in today’s headlines!
📰 News Highlights:
President Donald Trump signed a resolution to repeal a controversial IRS rule targeting "custodial brokers" in crypto, marking the first crypto-related bill signed into law.
The rule, introduced at the end of the Biden administration, required brokers and DeFi participants to report user data and issue Form 1099s, which critics said unfairly treated decentralized platforms like traditional financial institutions.
The White House is pleased to announce its support for the CRA introduced by @SenTedCruz and @RepMikeCarey to rescind the so-called Broker DeFi Rule, an 11th hour attack on the crypto community by the Biden administration.
— David Sacks (@davidsacks47)
3:09 PM • Mar 4, 2025
The repeal received bipartisan support in Congress, including from Sen. Ted Cruz and Rep. Mike Carey, the latter of whom called the regulation a bureaucratic overreach.
UPDATE: As promised, President Trump has signed the bill to repeal the DeFi Broker Rule. Congratulations to @SenTedCruz, @RepMikeCarey, and @RepBryanSteil for steering the resolution through Congress.
— David Sacks (@davidsacks47)
2:40 AM • Apr 11, 2025
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Ross Ulbricht, the founder of the Silk Road darknet marketplace, will make his first public appearance since being released from prison at the Bitcoin Conference in Las Vegas.
It's official. I am excited to announce that I will be making my first public appearance and speech since my release from prison at @TheBitcoinConf in Las Vegas!
If you want to come see me in person, use promo code ROSS to get 10% off your ticket: tickets.b.tc/event/bitcoin-…
— Ross Ulbricht (@RealRossU)
5:56 PM • Apr 10, 2025
Ulbricht was pardoned earlier this year by Donald Trump after serving a life sentence for operating Silk Road, which used Bitcoin to facilitate the trade of illegal goods.
His release and reappearance are significant for many in the crypto community, as Ulbricht’s story is deeply linked to Bitcoin’s early history.
Ross was just granted a FULL AND UNCONDITIONAL PARDON by @realDonaldTrump. Words cannot express how grateful we are.
President Trump is a man of his word and he just saved Ross's life. ROSS IS A FREE MAN!!!!!
— Free_Ross (@Free_Ross)
11:50 PM • Jan 21, 2025
💡 Feature of the Day:
The SEC has dropped its unregistered securities claims against Nova Labs, the creator of the Helium Network, in a move celebrated as a regulatory win for DePIN projects.
Today marks a major win for Helium and The People’s Network! The SEC has agreed to dismiss its unregistered securities claims with prejudice. Helium Hotspots and the distribution of HNT, MOBILE, and IOT through the Helium Network are not securities. It also means that the SEC
— Helium🎈 (@helium)
7:52 PM • Apr 10, 2025
The lawsuit, initially filed just before former SEC Chair Gary Gensler's resignation, involved Helium’s HNT, MOBILE, and IoT tokens.
🚨BREAKING BIG: @helium has announced that the SEC’s lawsuit alleging unregistered securities sales has been dismissed with prejudice. Filed in January 2025, the case targeted the distribution of $HNT, MOBILE, and IOT tokens via Helium Hotspots. The dismissal confirms these
— SolanaFloor (@SolanaFloor)
8:36 PM • Apr 10, 2025
Helium argued the tokens were distributed to incentivize network growth, not as investment contracts.
we learned today that the SEC has agreed to dismiss its unregistered securities claims against Nova Labs. as a result, we can now resolve what might well be the shortest-lived SEC litigation on record. after suing us about three months ago in a bizarre last-minute
— amir 🎈 (@amirhaleem)
9:32 PM • Apr 10, 2025
😂 Crypto Meme of the Day:
Meme of the day provided by @bitbo
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com