Golden Finance reported that the U.S. House Committee voted 26 to 16 to pass a resolution aimed at revoking the IRS’ tax rules on decentralized finance (DeFi) platforms. The resolution is proposed under the Congressional Review Act and aims to overturn the tax reporting policy for DeFi platforms adopted by the IRS in December last year. The IRS's previous requirement that the DeFi protocol comply with the reporting system for brokers has sparked strong opposition from the crypto industry. The industry believes the move will threaten how the DeFi protocol works and may cover a large number of non-broker entities. The resolution still needs to be passed by the House and Senate majority and signed by the president before it can take effect. Supporters believe that the IRS rules are “unfair and unfeasible”, while opponents believe that the revocation of the rules will result in a reduction of the U.S. tax revenue by about $3.9 billion over the next decade.