Is The Bill "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"." Crypto Friendly?

The resolution represents a direct legislative effort to block the IRS's highly controversial digital asset broker reporting rule. The finalized IRS rule has faced significant criticism from the cryptocurrency industry for its broad scope, which threatens to impose traditional financial reporting burdens on decentralized finance (DeFi) protocols, software developers, and non-custodial wallet providers. Because these decentralized entities do not hold customer funds or maintain user identity data, complying with the rule is technologically and operationally impossible without compromising user privacy and decentralized architecture. By invoking the Congressional Review Act to declare that the rule shall have no force or effect, this resolution prevents a major regulatory overreach that would otherwise stifle innovation and drive crypto activity out of the United States. Successfully blocking the rule protects the ecosystem from excessive surveillance and preserves the viability of self-custody and decentralized applications. Consequently, this measure is highly supportive of the crypto industry's growth, privacy standards, and operational freedom.