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This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024.
Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.
Written by the nonpartisan Congressional Research Service, describing H.J.Res. 25 as public Law on Apr 10, 2025. It is not the text of the measure; a later amendment may have changed what it does.
Mar 11, 2025Each bar: ✓ Yea from the bottom, ✕ Nay aboveMar 26, 2025
House Mar 11, 2025 · the primary vote
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”
Passed
292 Yea 132 Nay 7 not voting · 1 present
Crossed both parties 76 of 424 voting members broke with their own party: 76 Democrats.
DemocratsIndependentsRepublicansFilled: YeaRing: NayGrey: not voting or present
432 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.J.Res. 25 and vote against it. 0 signed when it was filed.
Organizations that named H.J.Res. 25 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
43 disclosures name this measure. Retrieved from LDA.gov on 2026-10-25. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.