CRA Resolution → News → Incrypthos News

CRA Resolution

Definition ∞ CRA Resolution refers to a specific type of legislative action under the Congressional Review Act (CRA) in the United States. This resolution allows Congress to overturn recently issued federal agency rules with a simple majority vote in both chambers and the President’s signature. It provides a mechanism for legislative review and potential rejection of new regulations. A successful CRA Resolution effectively nullifies the targeted rule.
Context ∞ The CRA Resolution mechanism has been discussed in relation to various proposed regulations affecting the digital assets market. Its application could significantly alter the regulatory landscape for cryptocurrencies and blockchain technology. Observers monitor potential CRA Resolutions as they represent a powerful tool for legislative intervention in regulatory matters.

A sophisticated, silver-housed device features a translucent deep blue top revealing intricate mechanical components. Visible are two precision assemblies with gears and ruby jewels, indicative of a robust internal secure enclave. A central concentric disc suggests data processing, integral to private key management. This conceptual hardware wallet design emphasizes the physical security and transparency of its cryptographic primitive operations, critical for reliable digital asset custody in the blockchain ecosystem.

→US Policy Shift

→Congressional Review Act

→Broker Rule Nullification

Congress Nullifies IRS Crypto Broker Rule Blocking New DeFi Reporting Mandates

The Congressional Review Act nullification of the expanded broker rule permanently removes non-custodial entities from immediate, onerous 1099-B tax reporting obligations.