substantiveMar 27, 2025 · Senate roll call · passage · Result: Joint Resolution Passed
On the Joint Resolution — 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".
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.
Roll-call breakdown
Yea70
Democrat: 17 · Republican: 53
Nay28
Democrat: 26 · Independent: 2
Present0
—
Not Voting2
Democrat: 2
How each member voted (100)
Yea (70)
- Adam B. Schiff (Democrat–CA)
- Alex Padilla (Democrat–CA)
- Andy Kim (Democrat–NJ)
- Angela D. Alsobrooks (Democrat–MD)
- Ashley Moody (Republican–FL)
- Ben Ray Luján (Democrat–NM)
- Bernie Moreno (Republican–OH)
- Bill Cassidy (Republican–LA)
- Bill Hagerty (Republican–TN)
- Catherine Cortez Masto (Democrat–NV)
- Charles E. Schumer (Democrat–NY)
- Chuck Grassley (Republican–IA)
- Cindy Hyde-Smith (Republican–MS)
- Cory A. Booker (Democrat–NJ)
- Cynthia M. Lummis (Republican–WY)
- Dan Sullivan (Republican–AK)
- David McCormick (Republican–PA)
- Deb Fischer (Republican–NE)
- Elissa Slotkin (Democrat–MI)
- Eric Schmitt (Republican–MO)
- Jacky Rosen (Democrat–NV)
- James C. Justice (Republican–WV)
- James E. Risch (Republican–ID)
- James Lankford (Republican–OK)
- Jerry Moran (Republican–KS)
- Jim Banks (Republican–IN)
- John Barrasso (Republican–WY)
- John Boozman (Republican–AR)
- John Cornyn (Republican–TX)
- John Fetterman (Democrat–PA)
- John Hoeven (Republican–ND)
- John Kennedy (Republican–LA)
- John R. Curtis (Republican–UT)
- John Thune (Republican–SD)
- John W. Hickenlooper (Democrat–CO)
- Jon Husted (Republican–OH)
- Jon Ossoff (Democrat–GA)
- Joni Ernst (Republican–IA)
- Josh Hawley (Republican–MO)
- Katie Boyd Britt (Republican–AL)
- Kevin Cramer (Republican–ND)
- Kirsten E. Gillibrand (Democrat–NY)
- Lindsey Graham (Republican–SC)
- Lisa Murkowski (Republican–AK)
- Mark R. Warner (Democrat–VA)
- Markwayne Mullin (Republican–OK)
- Marsha Blackburn (Republican–TN)
- Martin Heinrich (Democrat–NM)
- Mike Crapo (Republican–ID)
- Mike Lee (Republican–UT)
- Mike Rounds (Republican–SD)
- Mitch McConnell (Republican–KY)
- Pete Ricketts (Republican–NE)
- Rand Paul (Republican–KY)
- Raphael G. Warnock (Democrat–GA)
- Rick Scott (Republican–FL)
- Roger F. Wicker (Republican–MS)
- Roger Marshall (Republican–KS)
- Ron Johnson (Republican–WI)
- Shelley Moore Capito (Republican–WV)
- Steve Daines (Republican–MT)
- Susan M. Collins (Republican–ME)
- Ted Budd (Republican–NC)
- Ted Cruz (Republican–TX)
- Thom Tillis (Republican–NC)
- Tim Scott (Republican–SC)
- Tim Sheehy (Republican–MT)
- Todd Young (Republican–IN)
- Tom Cotton (Republican–AR)
- Tommy Tuberville (Republican–AL)
Nay (28)
- Amy Klobuchar (Democrat–MN)
- Angus S. King, Jr. (Independent–ME)
- Bernard Sanders (Independent–VT)
- Chris Van Hollen (Democrat–MD)
- Christopher A. Coons (Democrat–DE)
- Christopher Murphy (Democrat–CT)
- Edward J. Markey (Democrat–MA)
- Elizabeth Warren (Democrat–MA)
- Gary C. Peters (Democrat–MI)
- Jack Reed (Democrat–RI)
- Jeanne Shaheen (Democrat–NH)
- Jeff Merkley (Democrat–OR)
- Lisa Blunt Rochester (Democrat–DE)
- Margaret Wood Hassan (Democrat–NH)
- Maria Cantwell (Democrat–WA)
- Mark Kelly (Democrat–AZ)
- Mazie K. Hirono (Democrat–HI)
- Michael F. Bennet (Democrat–CO)
- Patty Murray (Democrat–WA)
- Peter Welch (Democrat–VT)
- Richard Blumenthal (Democrat–CT)
- Richard J. Durbin (Democrat–IL)
- Ron Wyden (Democrat–OR)
- Sheldon Whitehouse (Democrat–RI)
- Tammy Baldwin (Democrat–WI)
- Tammy Duckworth (Democrat–IL)
- Tim Kaine (Democrat–VA)
- Tina Smith (Democrat–MN)
Not Voting (2)
- Brian Schatz (Democrat–HI)
- Ruben Gallego (Democrat–AZ)
Party labels reflect each member’s most recent affiliation on record.