HJRES. 25Became Law
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".
Nullifies an IRS rule requiring certain DeFi brokers to report information on digital asset sales to the agency
Plain-English overview
What this bill does
Nullifies an IRS rule requiring certain DeFi brokers to report information on digital asset sales to the agency
Key points
- Repeal IRS reporting rule
Current status
Where it stands
Status
Became Law
Latest action
2025-04-10 — Became Public Law No: 119-5.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresCongressional oversightCurrencyDigital mediaFinancial services and investmentsInternal Revenue Service (IRS)Tax administration and collection, taxpayers