Bills / H.J.Res. 25
H.J.Res. 25
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".
In plain English
This measure would cancel an IRS rule requiring people who help carry out decentralized finance (DeFi) transactions to report certain information about digital asset sales. It affects those who provide services that carry out these sales. DeFi uses cryptocurrency to offer financial services intended to work without traditional financial middlemen.
Simplified by AI from the Congressional Research Service summary. Check the full text on Congress.gov.
Sponsor and status
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How South Carolina voted
On the Motion to Proceed · Senate roll call 150 · 2025-03-26 · Roll-call record ↗
| Darline Graham (R) | Lindsey Graham (R) | Tim Scott (R) |
|---|---|---|
| Not serving | Yea | Yea |
Who lobbied
Lobbying reports name the bills a client worked on. They don't say which side anyone took.
43 reports from 15 clients reporting $11,908,000 in fees and expenses. Fees cover each report's whole lobbying effort, not just this bill.
Businesses and trade groups (6)
- BLOCKCHAIN ASSOCIATION ↗8 reports
- DIGITAL CURRENCY GROUP ↗7 reports
- PARADIGM OPERATIONS LP ↗3 reports
- CRYPTO COUNCIL FOR INNOVATION ↗2 reports
- OZONE NETWORKS, INC. D/B/A OPENSEA ↗5 reports
- SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL) ↗1 report
Advocacy groups and nonprofits (4)
- SOLANA POLICY INSTITUTE ↗3 reports
- FILECOIN FOUNDATION ↗3 reports
- AMERICANS FOR TAX REFORM ↗4 reports
- AMERICANS FOR FINANCIAL REFORM ↗1 report
Not classified (5)
- AMERICAN FEDERATION OF STATE COUNTY AND MUNICIPAL EMPLOYEES ↗2 reports
- AMERICAN EXPLORATION & PRODUCTION COUNCIL ↗1 report
- UNISWAP LABS ↗1 report
- DEFI EDUCATION FUND ↗1 report
- LEDGER ↗1 report
Groupings are our label from each organization's name and industry, not its legal or tax status.
The connection table
Organizations that lobbied this bill, and money each gave South Carolina's delegates this cycle: its PAC's contributions (FEC) plus its lobbyists' reported contributions and event payments (LD‑203, group events excluded). Exact name matches only. An empty cell means no matching money was found. Under each name is that delegate’s final vote on the bill (passage or last substantive vote). Delegates who didn’t vote on it, for example because they weren’t serving, are grayed out and left out of the Total column.
None of the organizations that lobbied this bill gave money we could match to a South Carolina delegate.