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Effort to Kill IRS Crypto Rule Clears U.S. Senate Hurdle

With a split among Democrats, the Senate resolution to erase the IRS' DeFi-focused crypto broker rule passed with a massive majority and is now up to the House.

By Jesse Hamilton|Edited by Aoyon Ashraf

Updated Mar 4, 2025, 11:40 p.m. Published Mar 4, 2025, 10:59 p.m.

U.S. Capitol building in Washington, D.C. (Jesse Hamilton/CoinDesk) — The legislative effort to kill the IRS crypto rule moves now. to the House of Representatives after a big Senate win. (Jesse Hamilton/CoinDesk)