Propy

President Trump has signed legislation repealing an IRS rule that would have classified decentralized cryptocurrency exchanges (DEXs) as brokers. The move marks a significant shift in crypto regulation. Key points: - Previous rule would have imposed strict reporting requirements on DeFi platforms - Repeal reduces compliance burden for decentralized exchanges - Decision signals more nuanced approach to blockchain regulation The change could lead to increased DeFi activity in the US market. For more details, see the full report at [Reuters](http://www.reuters.com/world/us/trump-signs-bill-nullify-expanded-irs-crypto-broker-rule-2025-04-11/)

**Propy** has announced a strategic partnership with **@proof** to revolutionize real estate transaction notarization. The integration addresses key closing process bottlenecks through: - Online/mobile notarization scheduling - Real-time identity verification - Automated paperwork management - Direct platform integration The partnership enhances Propy's blockchain-powered smart contracts with secure identity verification and instant notary access. This development marks a significant step toward autonomous real estate transactions, offering a fully digital, fraud-resistant closing experience. *Learn more:* [Propy's Integration Details](benzinga.com/pressreleases/2)

A historic real estate transaction was completed at Ala Moana #1320, marking Hawaii's first fully onchain property closing. The sale demonstrated several key innovations: - **Instant ownership transfer** using blockchain-based title - **Paperless process** replacing traditional documentation - **Smart contracts** eliminating escrow delays - **Tokenized property** infrastructure implementation The property, located at 410 Atkinson Dr, Honolulu, sold for 2.65 BTC. A detailed walkthrough of the process will be presented by crypto-certified agent Damon Rhys on April 30. [Register for the deep dive webinar](propy.com/browse/hawaii-rwa)

A Denver couple fell victim to a wire fraud scheme just before closing on their new home, losing $30,000 when hackers intercepted communications with their title company. The incident highlights persistent vulnerabilities in traditional real estate transactions that rely on unsecured email systems. This follows a recent Florida case where criminals used forged quitclaim deeds costing less than $1 to illegally seize properties. Key security issues: - Unsecured email communication - Outdated infrastructure - Vulnerable paper documentation - Lack of verification systems Blockchain-based solutions offer: - Real-time transaction verification - Tamper-proof digital ownership records - Secure fund transfers - Enhanced property rights protection

Propy emphasizes the critical need for modernizing real estate infrastructure through blockchain technology. Key points: - Property rights are fundamental human rights requiring secure, verifiable systems - Current real estate infrastructure remains fragmented and outdated - Blockchain implementation can provide: * Permanent, transparent property records * Reduced transaction fees * Prevention of financial crises like 2008 * Enhanced consumer protection The initiative builds on discussions from Propy's Web3 and Property Rights Summit, featuring insights from economist @HDeSotoPeru and founder @NataliePropy. [Read full perspective](linkedin.com/posts/propy-tit)

At Propy's Web3 and Property Rights Summit in Miami, industry leaders discussed blockchain's transformative potential in real estate. Key points: - Blockchain integration could prevent 2008-style financial crises - Property titles on blockchain enable transparent, low-fee transactions - Former SEC Commissioner Michael Piwowar and economist Hernando De Soto participated - Discussion focused on economic growth and global social stability benefits The summit highlighted how blockchain technology could revolutionize property rights management while reducing transaction costs and improving market transparency.

Propy has launched a new Crypto Escrow Service in partnership with Coinbase Prime, offering secure custody for **Bitcoin, Ethereum, and USDC** during real estate transactions. Key features: - Secure cryptocurrency custody throughout closing process - Eliminates need for early crypto conversions - Reduces exposure to market volatility - Minimizes premature tax implications - Compliant, streamlined process The service is now live through Propy Title and Escrow Agency. Users can earn a $1,000 PRO token reward for referrals via the Coinbase app. Visit coinbase.propy.com/escrow to get started.