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".

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". | JustPolicyThe purpose of this legislative text is to express Congress's disapproval of a specific rule proposed by the Internal Revenue Service (IRS). This rule pertains to the reporting of gross proceeds by brokers who facilitate the sale of digital assets, such as cryptocurrencies. The resolution aims to prevent this rule from being implemented, effectively nullifying it. The key provision of this resolution is the formal disapproval of the IRS rule regarding gross proceeds reporting.