Took stances on a bill between and
Bill Name
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".
Details
This joint resolution utilizes the Congressional Review Act to formally disapprove and nullify the Internal Revenue Service rule on gross proceeds reporting for digital asset brokers. By nullifying this administrative rule, the resolution aims to prevent the implementation of expansive tax reporting mandates on entities facilitating cryptocurrency transactions. This would block the controversial broker definition from taking effect, protecting decentralized actors and self-custody wallets from unworkable compliance requirements.
Timeline
Very Pro-Crypto
Voted for - Final Passage Out Of House
Very Pro-Crypto
Cosponsored