House · HJRES 25 · 119th Congress
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".
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Summary
This bill cancels an IRS rule that would have required certain crypto brokers to report digital asset sales to the government. The rule targeted people who help complete decentralized finance transactions. Canceling it means those brokers no longer have to collect and send that sales data to the IRS.
In Favor
The canceled rule would have placed heavy reporting burdens on decentralized crypto platforms. Many of those platforms lack the tools to collect the data the IRS required. Blocking the rule protects small crypto operators from costly rules that may not fit how their technology works.
Against
Without this rule, the IRS loses a key tool for tracking crypto sales and collecting taxes owed. That gap could let some people avoid reporting crypto income that should be taxed. Other investors already report similar gains, so removing this rule treats crypto sellers differently.
Additional Considerations
Purpose & Problem
Is the problem real and worth federal action?
This resolution cancels an IRS rule that required certain digital asset brokers to report sales information to the agency. Congress used a specific law that lets it reject agency rules within a set time window.
Scope & Related Provisions
Does it stay focused, or carry unrelated add-ons?
The resolution stays on topic, addressing only the single IRS reporting rule for digital asset sales. No other provisions are included in the text.
Who Is Affected
Who benefits, and who bears the cost?
People and businesses that handle decentralized finance transactions would no longer face the reporting duties the IRS rule created. The IRS would lose the sales data that rule was meant to collect.
Cost & Funding
Is it affordable and responsibly funded?
The resolution does not authorize or appropriate any federal funds. Canceling the rule removes a reporting requirement, which changes the cost structure for brokers who would have had to comply.
Risks & Implementation
What could go wrong in practice?
Without the rule, the IRS has no current mechanism to collect this sales data from decentralized finance brokers. Congress or the IRS would need separate action to create any future reporting system.
For the actual bill text, see congress.gov.
AI-generated · Published 6/5/2026