Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".

Type and Bill Number: HJRES.25

Congress Number: 119

Status: Became Law

Last Status Update: Thu, 10 Apr 2025

House of Represenatives

Topics

  • Taxation
  • Federal Budget and Finance
  • Government Operations
  • Science and Technology
  • Legal System and Law Enforcement

Summary

This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.

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