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".

This joint resolution would nullify an IRS rule issued on December 30, 2024, that requires brokers and platforms handling digital asset transactions to report information about those sales to the Internal Revenue Service. The rule specifically targets decentralized finance (DeFi) transactions and would require persons effectuating these transactions to provide certain reporting information to the IRS.

If enacted, this resolution would prevent the IRS rule from taking effect, meaning brokers would not be required to report digital asset sales data to tax authorities. This could affect how the IRS tracks cryptocurrency and digital asset transactions for tax compliance purposes.

The resolution has already passed the Senate and is now being considered by the House of Representatives. The practical impact on citizens would depend on whether the House votes to approve the resolution. If it passes both chambers, taxpayers involved in digital asset transactions would face less IRS reporting and oversight of their activities, while the IRS would have reduced visibility into these transactions for tax enforcement purposes.