{"abstract":"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.","action":"Final rule; CRA Revocation.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2025/07/11/2025-12967.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"90 FR 30825","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This final rule is effective on July 11, 2025.","disposition_notes":null,"docket_ids":["TD 10021"],"dockets":[{"supporting_documents":[{"title":"Public Hearing Agenda - REG-122793-19","document_id":"IRS-2023-0041-39679"}],"agency_name":"IRS","documents":[{"comment_count":0,"comment_start_date":"2025-07-11","updated_at":"2025-07-11T11:57:14.354-04:00","comment_url":"https://www.regulations.gov/commenton/IRS-2023-0041-44841","allow_late_comments":false,"id":"IRS-2023-0041-44841","comment_end_date":null,"regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":1,"id":"IRS-2023-0041","title":"Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions (REG-122793-19)"}],"document_number":"2025-12967","effective_on":"2025-07-11","end_page":30826,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2025/07/11/2025-12967.xml","html_url":"https://www.federalregister.gov/documents/2025/07/11/2025-12967/gross-proceeds-reporting-by-brokers-that-regularly-provide-services-effectuating-digital-asset-sales","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2025-12967?publication_date=2025-07-11","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2025-07-11/2025-12967/mods.xml","not_received_for_publication":null,"page_length":2,"page_views":{"count":1302,"last_updated":"2026-11-05 16:15:04 -0500"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-07-11/pdf/2025-12967.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-12967.pdf?1752151514","publication_date":"2025-07-11","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2025/07/11/2025-12967.txt","regulation_id_number_info":{"1545-BR39":null},"regulation_id_numbers":["1545-BR39"],"regulations_dot_gov_info":{"supporting_documents":[{"title":"Public Hearing Agenda - REG-122793-19","document_id":"IRS-2023-0041-39679"}],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP71/returns-of-information-of-brokers-in-virtual-currency-transactions","title":"Returns of Information of Brokers in Virtual Currency Transactions"},"comments_count":0,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2023-0041","supporting_documents_count":1,"docket_id":"IRS-2023-0041","document_id":"IRS-2023-0041-44841","regulation_id_number":"1545-BP71","title":"Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions (REG-122793-19)","checked_regulationsdotgov_at":"2025-07-12T18:55:03Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":30825,"subtype":null,"title":"Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales","toc_doc":"Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales; Revocation","toc_subject":null,"topics":["Reporting and recordkeeping requirements"],"type":"Rule","volume":90}