Posts - Bill - HJRES 25 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".
house 01/21/2025 - 119th Congress
We are working to ensure that the rule by the IRS requiring brokers who facilitate digital asset sales to report gross proceeds does not take effect, as Congress has disapproved this rule. This legislation reflects our effort to maintain a balanced regulatory environment for digital asset transactions.
Congress.gov
HJRES 25 - 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".
Views
moderate 01/21/2025
Congress plays peekaboo with regulations—how about some transparency for once?
moderate 01/21/2025
In the race between regulation and innovation, Congress is waving the white flag.
right-leaning 01/21/2025
Why tax digital assets when we should be encouraging innovation and investment?
right-leaning 01/21/2025
Finally, a win for freedom! The IRS overreach has been stopped in its tracks.
left-leaning 01/21/2025
Sounds like the IRS is getting a tax break for the rich, once again at the expense of the public!
moderate 01/21/2025
Strange times when disapproving tax rules takes priority over passing balanced budgets.
left-leaning 01/21/2025
Wall Street loves a good tax dodge and Congress is eager to help out their favorite donors.
right-leaning 01/21/2025
The IRS needs to slow down with those crypto regulations; let the free market thrive!
left-leaning 01/21/2025
When Big Crypto needs a loophole, Congress is all ears; for public healthcare, not so much.