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".

This resolution aims to nullify a recent IRS rule that requires digital asset brokers, such as cryptocurrency exchanges, to report gross proceeds from customer transactions to the government. Proponents of the resolution argue that the current reporting requirements are overly burdensome for the industry and could stifle innovation in digital finance. Opponents, however, contend that the IRS rule is a necessary tool to ensure consistent tax compliance and to prevent the use of digital assets for tax evasion. If this resolution passes, the IRS would be blocked from enforcing these specific reporting standards, effectively resetting the regulatory landscape for digital asset transactions. This could lead to continued uncertainty regarding how capital gains from cryptocurrency and other digital assets are tracked and reported at the federal level.