Bipartisan Support in US House Rescinds IRS Rule on DeFi Tax Reporting, Awaits Senate Approval

Mar 12, 2025

The U.S. House of Representatives voted to rescind an IRS rule that would have required decentralized finance platforms to collect and report taxpayer information, with bipartisan support. Critics argued the rule would impose impossible compliance requirements on DeFi protocols, leading to a joint resolution submission by Representative Mike Carey.

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