H.J. Res 25
Jan 21, 2025
Very Pro Crypto
A joint resolution 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".
Current Status
Passed!Analysis
This resolution expresses Congressional disapproval of a rule submitted by the Internal Revenue Service (IRS) relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales". The rule was published in the Federal Register on December 30, 2024.
This resolution is considered pro-crypto because it seeks to overturn a rule that would have imposed more stringent reporting requirements on digital asset brokers, and would specifically make it extremely challenging for DeFi protocols to comply. It is overly broad, would place an undue burden on crypto businesses, and would stifle innovation in the crypto industry.
Votes
For
Against
Total
292
132
(D)
76
132
(R)
216
0
Sponsor
A
Mike Carey(R) Congressperson
Cosponsors (9)
A
Warren Davidson(R) Congressperson
A
Troy Downing(R) Congressperson
A
David Kustoff(R) Congressperson
A
Zach Nunn(R) Congressperson
A
Jeff Crank(R) Congressperson
Voted For (292)
A
Mike Haridopolos(R) Congressperson
A
Brett Guthrie(R) Congressperson
A
Andrew Clyde(R) Congressperson
A
Nicole Malliotakis(R) Congressperson
A
Mark Alford(R) Congressperson
A
Kat Cammack(R) Congressperson
Voted Against (132)
F
Becca Balint(D) Congressperson
D
Doris Matsui(D) Congressperson
F
Dwight Evans(D) Congressperson
F
Maxwell Frost(D) Congressperson
F
Jim McGovern(D) Congressperson
F
Chuy García(D) Congressperson