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U.S. House Votes to Overturn IRS DeFi Broker Rule

The IRS broker rule would have been impossible to comply with for DeFi entities, one of the resolution's proponents said.

Rep. Jason Smith advocating for the Congressional Review Act resolution on Tuesday ahead of the House vote. (C-SPAN)
Rep. Jason Smith advocating for the Congressional Review Act resolution on Tuesday ahead of the House vote. (C-SPAN)