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DeFi broker rule repeal

H.J.Res. 25 / S.J.Res. 3 · 119th Congress · Congress.gov

What it does
Repeals an IRS rule that would have required DeFi front ends to report users' transactions like brokers.
What happened
Signed into law in 2025.
Scored as
Yea = bag-friendly. The rule would have pushed DeFi front ends toward collecting user identities or leaving the U.S. A yes vote is bag-friendly. The Senate voted twice (on the Senate and House versions), so each Senate vote is half weight.

Senate · Mar 4, 2025

On the Joint Resolution (S.J.Res. 3) · weight 0.5 · Official roll call 102

Most Democrats voted Nay; most Republicans voted Yea.

70bag-friendly (Yea)D 18 · R 51 · I 1
27bag-hostile (Nay)D 26 · R 0 · I 1
3not voting / present
Every vote

bag-friendly

House · Mar 11, 2025

On Passage · weight 1 · Official roll call 71

Most Democrats voted Nay; most Republicans voted Yea.

292bag-friendly (Yea)D 76 · R 216 · I 0
132bag-hostile (Nay)D 132 · R 0 · I 0
8not voting / present
Every vote

bag-friendly

bag-hostile

Senate · Mar 26, 2025

On the Joint Resolution (H.J.Res. 25) · weight 0.5 · Official roll call 151

Most Democrats voted Nay; most Republicans voted Yea.

70bag-friendly (Yea)D 17 · R 53 · I 0
28bag-hostile (Nay)D 26 · R 0 · I 2
2not voting / present
Every vote

bag-friendly