# H.J.Res. 25 (119th): This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS)

This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024. Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.

## How this bill is scored

Tier: no Tier 1 record. A bill with no record cannot newly become Tier 1.
Lane: abuse_accountability. Category: justice_truth. Lane tag: general equity.
Lane: censorship. Category: not stored. Lane tag: not stored.
Lane: congressional_review_act. Category: not stored. Lane tag: not stored.
Lane: digital_assets. Category: not stored. Lane tag: not stored.
Lane: financial_regulation. Category: not stored. Lane tag: not stored.
Lane: financial_surveillance. Category: not stored. Lane tag: not stored.
Lane: government_overreach. Category: not stored. Lane tag: not stored.
Lane: privacy. Category: not stored. Lane tag: not stored.
Lane: tax_policy. Category: not stored. Lane tag: not stored.
Lane: tax_reporting. Category: not stored. Lane tag: not stored.
Tier 1 sign-off: no record. A bill with no record cannot newly become Tier 1.
Stored polarity: mixed. Only tags the rules mark scoreable on a mixed bill are scored. A yea can draw a penalty or a credit according to the tag. A nay on a tag scored as good can draw a penalty.
Roll 71: On Passage. Vote type: final_passage.
Roll 150: On the Motion to Proceed H.J.Res. 25. Vote type: cloture.
Roll 151: On the Joint Resolution H.J.Res. 25. Vote type: final_passage.
Polarity rationale: Reviewed enrichment (llm_import) polarity: The measure removes a federal tax-reporting requirement, which may reduce state monitoring of private transactions, but the metadata does not show a direct restraint of evil or defense of justice. The underlying dispute is a prudential question about tax administration and digital asset regulation, so a mixed classification fits better than good or evil.
Theological note: The issue touches stewardship and honest commerce, since tax reporting rules affect how digital asset transactions are recorded and taxed. It also raises a concern about government monitoring of private economic activity, which Scripture's protection against unjust state intrusion makes relevant. Those concerns do not by themselves establish a clear moral verdict on the reporting rule, so the matter is best treated as prudential governance.

## Recorded votes

Roll 71: On Passage. Yea 292 · Nay 132 · Other 8.
Roll 150: On the Motion to Proceed H.J.Res. 25. Yea 70 · Nay 28 · Other 2.
Roll 151: On the Joint Resolution H.J.Res. 25. Yea 70 · Nay 28 · Other 2.

HTML: https://justmeasure.org/bill/hjres-25-119/