House · Roll call 71 · March 11, 2025
A vote to pass H.J.Res. 25, which would overturn an Internal Revenue Service rule on reporting digital asset sales.
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- Question
- On Passage
- Bill
- H.J.Res. 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".
How each party voted
Most Democrats voted No (132 of 214).
Most Republicans voted Yes (216 of 218).
Party-line vote: most Democrats and most Republicans voted on opposite sides.
President's positions
The President's position: wanted a Yes vote
“The White House is pleased to announce its support for the CRA introduced by @SenTedCruz and @RepMikeCarey to rescind the so-called Broker DeFi Rule”
Source: Public statement · Checked against the statement (AI-assisted)
About this vote
Under the Congressional Review Act, Congress can overturn a federal agency's rule by passing a joint resolution of disapproval. This resolution would cancel requirements for people carrying out decentralized finance (DeFi) transactions to report certain information about digital asset sales to the Internal Revenue Service. The resolution passed the House.
This summary was drafted and checked with AI (Claude) using only the official record of the vote. Report an error
Summary by the Congressional Research Service
This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS).
How each member voted
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