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  2. Crypto bills in Congress
  3. HRES211
HRES211119th Congress·Introduced 2025-03-11

Is The Bill "Providing for consideration of 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’’; providing for consideration of the bill (H.R. 1156) to amend the CARES Act to extend the statute of limitations for fraud under certain unemployment programs, and for other purposes; providing for consideration of the bill (H.R. 1968) making further continuing appropriations and other extensions for the fiscal year ending September 30, 2025, and for other purposes; and for other purposes." Crypto Friendly?

Based on 1 published commentary, this bill is somewhat pro-crypto.

Somewhat Pro-Crypto
About this bill

This House Resolution outlines the terms for considering several legislative items, including H.J. Res. 25. H.J. Res. 25 seeks congressional disapproval of an Internal Revenue Service (IRS) rule that would require brokers to report gross proceeds from digital asset sales. This resolution, by providing for the consideration of H.J. Res. 25, facilitates a vote on potentially blocking these new tax reporting requirements for the crypto industry.

Introduced
2025-03-11
Status
Introduced and Sponsored
Legislature
119th Congress
Stance on Crypto
Somewhat Pro-Crypto
From 1 published commentary

Scores reflect how a bill would affect crypto if enacted, from very anti-crypto to very pro-crypto, based on the commentary below.

Support in Congress
  • Sponsors1 Republican1
Read the bill
Read on Congress.govView on GovTrackBill text (PDF)

Commentary

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DoTheySupportIt
Primary
marked this bill asSomewhat Pro-Crypto

The central crypto-related provision of this bill is its facilitation of a vote on H.J. Res. 25, which seeks to nullify an IRS rule mandating new tax reporting for digital asset brokers. The IRS rule, if enacted, would impose additional compliance burdens on crypto-related businesses and potentially impact individual users by requiring more extensive reporting of digital asset sales. Preventing the implementation of such a rule is generally viewed positively by the crypto industry, as it reduces potential regulatory friction, compliance costs, and administrative complexity for entities operating in the digital asset space. While this bill does not actively promote new crypto adoption or protect self-custody directly, it acts to prevent a new, potentially burdensome, and surveillance-oriented regulatory requirement. This action aligns with a pro-crypto stance by reducing regulatory overhead for brokers and users.

Where Congress stands

Every member who has sponsored, cosponsored or voted on this bill. Pick a vote to see how each member voted on it, or narrow by party, name or state.

Sponsors

1

1 Republican

  • Profile picture of Michelle Fischbach
    Michelle Fischbach
    MN-7