U.S. House committee urges repeal of IRS DeFi tax rules

A U.S. House committee has taken preliminary action to advance the repeal of the Internal Revenue Service (IRS) tax rules for decentralized finance (DeFi). The rule requires the DeFi protocol to report transaction information as a broker, but the crypto industry believes the rule is unfair and unenforceable and may include entities that are not brokers. The House Ways and Means Committee voted 26 – 16 to approve a resolution recommending that the rule be repealed under the Congressional Review Act. The resolution will now be submitted to the full House for a vote.（CoinDesk）

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