Senate passes HJ Resolution 25 to overturn the IRS’s DeFi broker rule

2/ The IRS rule in question expands reporting requirements by classifying automated decentralized systems as brokers. Critics argue these actors often don’t have access to the kind of data the IRS was requesting.

— Blockworks (@Blockworks_) March 27, 2025

3/ The Senate passed a similar resolution earlier this month, but the House advanced a new version of the legislation. The resolution, brought under the Congressional Review Act, now heads to the President’s desk.

— Blockworks (@Blockworks_) March 27, 2025