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US Lawmakers Repeal New Crypto Rule

27 February 2025
in Altcoin
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US Lawmakers Repeal New Crypto Rule
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As one door closes, a better one opens. With US lawmakers repealing the controversial ‘DeFi broker rule,’ the crypto space is seeing a shift toward greater clarity.

Seizing the moment, Meme Index is preparing to launch a revamped meme coin ecosystem tailored for new investors. This innovative setup will simplify entry into the meme coin market while enhancing security, accessibility, and transparency.

The rule, rumored to take effect in 2027, was initially designed to require brokers to report new crypto transactions and taxpayers to the Internal Revenue Service (IRS). But the House Ways and Means Committee voted on passing it yesterday.

Lower Taxes on the Horizon for New Crypto Buyers

The repeal of the DeFi broker rule is a major win for new crypto investors who feared higher tax burdens—scaled based on income—and potential roadblocks to digital asset innovation.

The rule would have also created massive bureaucratic hurdles, overwhelming the IRS with paperwork while forcing US brokers to navigate complex reporting requirements for data they don’t typically collect.

By removing this regulatory overreach, the decision clears the way for a more streamlined and innovation-friendly crypto environment.

As the DeFi landscape continues to evolve with fewer hurdles, Meme Index is preparing to bring more favorable structures to the bustling crypto realm by soon launching the world’s first decentralized meme coin indexes.

New Crypto Project to Bring Favorable Structure to Meme Coin Arena

Meme Index is dubbed as being one of the best presales in 2025 owing to the soon launching of four blockchain-based meme coin indexes with contrasting risk profiles. 

Look at the Meme Titan Index, for instance. It highlights the top eight meme coins that are low risk, whereas the Meme Frenzy Index features the most volatile coins that have the potential to offer the most outstanding returns if successful. 

Source: Meme Index

The Meme Index baskets will spotlight meme coins with varying risk tolerances, offering significant advantages for traders. Instead of sifting through the vast crypto landscape (which is now home to over 11.98 million cryptocurrencies) investors can quickly find options that align with their goals.

This streamlined approach saves time, reduces research hassle, and makes meme coin investing more accessible.

They might even want to spread their risk across different meme tokens, so if one underperforms (or, even worse, fails), they’ll have other investments to offset their losses. 

But there’s a slight catch: To access the meme coin baskets once they go live, users must hold $MEMEX, the project’s native token. 

After buying $MEMEX (currently at just $0.0166218), holders can vote on index updates and token inclusions and stake their tokens at a tremendous 588% APY. 

Considering the $MEMEX has already raised $3.8M, and its value is anticipated to reach $0.074 before 2026 kicks off, now presents a good time to purchase this new crypto. 

$MEMEX Could Be the Next New Crypto to 100x

The repeal of the DeFi broker rules is a significant advancement in the crypto market, particularly for new crypto buyers who no longer have to fear higher taxes and such regulatory challenges. 

As the DeFi world progresses, new crypto projects like Meme Index are getting ready to provide investors with structured yet favorable investment propositions. 

Consequently, $MEMEX could be the next meme coin to 100x – but only time will tell. We’re not financial investors, nor are we fortune tellers, so be sure to always do your homework and don’t invest more than your piggy bank allows. 

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