The US House of Representatives has introduced a bill aiming to prevent the Internal Revenue Service (IRS) from regulating taxes within decentralized finance (DeFi) platforms. The legislation, approved by the Ways and Means Committee with a 26-16 vote, now awaits further action in the House. Republican lawmakers currently hold control of the House and support cryptocurrency, contributing to this push against the IRS regulation. This move challenges an IRS rule that classified DeFi projects as brokers and required them to adhere to reporting standards similar to those used for equity or debt securities trading. The rule included requiring users to receive Form 1099 tax documents.