Sponsors
11 Republican
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.
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.
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.
1 Republican