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 seeks to block a recent IRS rule that mandates brokers report detailed information about digital asset transactions to the federal government. Currently, the IRS aims to align tax reporting for cryptocurrency and other digital assets with the strict standards used for traditional financial investments like stocks and bonds. If this resolution passes, the IRS rule would be overturned, effectively stopping the implementation of these new tax reporting requirements. Supporters argue that the rule is overly burdensome and could stifle innovation in the digital finance sector, while opponents contend that it is necessary to reduce tax evasion and ensure that cryptocurrency gains are accurately reported. For local taxpayers, this decision will determine whether digital asset platforms must provide additional documentation for personal tax filings starting next year.