The U.S. House of Representatives has voted in favor of overturning an IRS rule that categorized crypto entities as brokers, requiring them to collect taxpayer and transaction information. The rule was seen as a threat to innovation and could harm U.S. businesses. The vote follows a previous vote in the Senate, and if approved again, the resolution would prevent the IRS from bringing a similar rule in the future. Some lawmakers opposed the resolution, arguing that reporting requirements are necessary for tax compliance and to combat illegal activities.



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