Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales

Document 2025-12967 is a Final Rule published by the Department of the Treasury in the Federal Register on July 11, 2025, with an effective date of July 11, 2025. Pursuant to its authority under the Congressional Review Act (CRA), Congress passed a joint resolution disapproving the final rule titled "Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales," and the President signed the resolution. Under the joint resolution and by operation of the CRA, this final rule has no legal force or effect. The Department of the Treasury (Treasury Department) and the IRS hereby remove this final rule from the Code of Federal Regulations (CFR) and revert the relevant text of the CFR back to the text that was in effect immediately prior to the effective date of this final rule. View the original at https://www.federalregister.gov/documents/2025/07/11/2025-12967/gross-proceeds-reporting-by-brokers-that-regularly-provide-services-effectuating-digital-asset-sales.

No. Document 2025-12967 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.