The Senate voted on Tuesday to block an IRS reporting rule requiring certain cryptocurrency brokers to provide tax information on transactions on their platform, moving a step closer to nullification of the regulation.
The bipartisan vote of 70-27 on the Senate resolution comes after the House Ways and Means Committee advanced its version of a clawback. If the full House passes its measure as expected, President Donald Trump is expected to sign off.
Lawmakers are using the Congressional Review Act, which allows them to review and overturn recently finalized regulations. The move only needs a simple majority to pass ...
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