According to @GOPMajorityWhip, the House GOP has approved @RepMikeCarey's resolution to roll back a Biden administration rule that was seen as overreaching and potentially harmful to the digital asset industry and American innovation. This move signifies a significant shift in the regulatory landscape for digital assets in the United States.

According to Eleanor Terrett, the Senate has passed Senator Ted Cruz's Congressional Review Act (CRA) aimed at rescinding the IRS DeFi broker rule with a super majority of 70-27. This move is seen as a significant step towards fostering American innovation in the cryptocurrency space. The resolution now heads to the House for further consideration.