Congress disapproves the Internal Revenue Service rule on Gross Proceeds Reporting by Brokers for digital asset sales.
The bill expresses congressional disapproval of a rule submitted by the Internal Revenue Service concerning Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales. The rule, published in the Federal Register on December 30, 2024, is to have no force or effect. This disapproval follows the procedures outlined in chapter 8 of title 5, United States Code.
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