Overturning the IRS Digital Asset Broker Rule

Official title: A joint resolution 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".

What this does

This resolution overturns an Internal Revenue Service rule on digital asset reporting. Using the Congressional Review Act, it disapproves the IRS rule titled 'Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales,' published at 89 Fed. Reg. 106928 on December 30, 2024. Once enacted, the rule has no force or effect. The rule had extended broker reporting requirements to certain participants in decentralized digital asset trading.

Senate vote · 70-27

Democrats

18–26

Republicans

51–0

Independents

1–1

How we know · 3 sourced claims

The resolution disapproves the IRS rule on gross proceeds reporting by brokers effectuating digital asset sales under the Congressional Review Act.Source: Resolving clause (disapproval under chapter 8 of title 5)
The rule is identified as 89 Fed. Reg. 106928, published December 30, 2024.Source: Resolving clause
Upon enactment the rule has no force or effect.Source: Resolving clause

Read the bill on congress.gov ↗

Reported lobbying

At least

organizations named this measure in a lobbying filing.

A floor, not a total. Those organizations were counted by the client name on 26 quarterly reports filed by 9 registered lobbying firms in 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1 and 2026 Q2. The disclosure form takes a free text description of the issue, so an organization that lobbied this measure without naming it is not counted here.

The filings record that lobbying was reported on the measure. They carry no per-bill dollar figure and no position, so nothing here says how much was spent or which side an organization took.

5 of them, in no ranking

EXODUS MOVEMENT, INC.
UNISWAP LABS
ANCHOR LABS, INC.
DIGITAL CURRENCY GROUP
LEDGER

Listed as filed, in the order the filings were read, and 4 others are not shown. These are not the largest, the earliest or the most active: the extract keeps five names per measure and no ranking is available.

From the LD-2 quarterly lobbying filings published at lda.gov by the Senate Office of Public Records. Read for 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1 and 2026 Q2. The pull came up 2 short in 2025 Q4 and 7 short in 2026 Q2 against the register's own count, so those quarters are the filings posted rather than every one filed. 2026 Q3 is still inside its filing window, so that quarter is only the filings posted so far.

Your representatives

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Senate roll call

The full roll call

R51–0D18–26I1–1

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