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substantiveMar 11, 2025 · House roll call · passage · Result: Passed

On Passage — H J RES 25 — 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”

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".

In plain language

  • House joint resolution in the 119th Congress.
  • Nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales.
  • House passed it on Mar 11, 2025 (substantive).
Official summary (Congressional Research Service)

This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024. Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.

View this measure on congress.gov

Roll-call breakdown

Yea292

Democrat: 76 · Independent: 1 · Republican: 215

Nay132

Democrat: 132

Present1

Democrat: 1

Not Voting7

Democrat: 5 · Republican: 2

How each member voted (432)

Yea (292)

Nay (132)

Present (1)

Not Voting (7)

Party labels reflect each member’s most recent affiliation on record.