SJRES 3 · 119th CongressPassed Senatecongress.gov ↗
A joint resolution 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".
What this bill does
AI plain-language summaryThis joint resolution would cancel an IRS rule issued on December 30, 2024, that requires people or companies that help carry out certain digital cryptocurrency transactions to report information about those sales to the IRS. The canceled rule specifically targeted transactions made through decentralized finance, commonly known as DeFi.
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Mar 4, 2025Discussion (0)
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