# House Votes to Repeal Controversial Crypto Broker Tax Rule

*Author: Bankless*
*Published: Mar 12, 2025*
*Source: https://www.bankless.com/read/house-votes-to-repeal-controversial-crypto-broker-tax-rule*

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In a significant development for the crypto industry, the House has voted to repeal a contentious IRS tax rule affecting DeFi brokers, waiting for Senate approval before reaching President Trump's desk.

## **What’s the Scoop?**
- **Bipartisan Approval**: The House passed the repeal bill in a strong bipartisan fashion, signaling widespread support for the rollback.
- **Path to Trump's Desk**: While the House has passed the bill, it must still clear the Senate before reaching President Trump, who is expected to sign it into law.
- **Administration's Stance**: White House Crypto Czar David Sacks states that Trump's senior advisors plan to recommend signing the repeal into law, aligning with the administration's crypto-friendly stance.
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*This article is brought to you by [The DeFi Report](https://www.bankless.com/sponsor/the-defi-report-1767388444?ref=read/house-votes-to-repeal-controversial-crypto-broker-tax-rule)*