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Disapproves and nullifies an IRS rule that required brokers who regularly facilitate digital-asset sales to report gross proceeds from those transactions. The rule referenced (published at 89 Fed. Reg. 106928) is declared to have no force or effect, removing that reporting requirement from federal regulatory guidance.
Introduced January 21, 2025 by Rafael Edward Cruz · Last progress March 10, 2025
Received in the House
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
Held at the Desk
Received in the House