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This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.
Introduced
Jan 21, 2025
Last Action
Mar 12, 2025
Session
119th Congress
Sponsors
1 primary · 14 co
Passage Probability
48% — High
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Papers returned to Senate pursuant to H. Res. 212.
Received in the House
Held at the Desk
Message on Senate action sent to the House.
Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101.
Measure laid before Senate by motion.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
Introduced in Senate
Read twice and referred to the Committee on Finance.
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48%
Estimate based on legislative signals
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Upgrade to ProMessage received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.