The US House voted to repeal the IRS DeFi broker rule, preventing strict data collection on decentralized finance platforms.
Lawmakers also focused on stablecoin regulations, discussing the STABLE Act and stricter oversight for foreign stablecoin issuers under the GENIUS Act.
Lawmakers opposed strict financial oversight by voting to repeal the Internal Revenue Service’s (IRS) DeFi broker rule. The US House of Representatives approved the measure with 292 votes in favor and 132 against. The decision aimed to prevent the IRS from enforcing strict data collection requirements on decentralized finance (DeFi) platforms.
JUST IN: Another vote to strike down the IRS DeFi broker rule passed in a “super majority.”
All House Republicans (aside from a couple no-shows) as well as 76 Democrats have voted to nullify the IRS DeFi broker rule. https://t.co/b3OU0Gubky
— Eleanor Terrett (@EleanorTerrett) March 11, 2025
The rule, introduced in December under President Joe Biden’s administ
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