SJRES 3
119th Congress
Senate
In Progress
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".
Latest action: Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212. · Mar 12, 2025
View full text on Congress.gov ↗ Policy area: Taxation
Legislative 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.
Source: Congressional Research Service (CRS).
Sponsor
Cosponsors (14)
Floor Vote
Voted
Senate · Mar 1, 2025
70
Yea · 70%
28
Nay · 30%
2
Not Voting
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