H.J.Res. 25
Cancels reporting rule for digital asset sales
Ends a rule that required people handling decentralized finance transactions to report information about digital asset sales to the Internal Revenue Service.
- Nullifies an Internal Revenue Service rule issued on December 30, 2024
- Ends reporting requirements for people who effectuate decentralized finance transactions
- The reports concerned information about digital asset sales
- Decentralized finance is meant to work without traditional financial intermediaries
Became law · Public Law 119-5