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The U.S. House of Representatives approved H.J. Res. 25 on March 11, aiming to overturn the previous administration’s “Broker Rule,” which critics argue imposes excessive burdens on digital asset transactions and stifles innovation. This follows the Senate’s passage of S.J. Res. 28 on March 5. The measure seeks to nullify an Internal Revenue Service (IRS) regulation that requires certain brokers, including decentralized finance (DeFi) entities, to report transaction details. Supporters of the resolution contend that the rule imposes unnecessary compliance costs and threatens to drive cryptocurrency development overseas. House Financial Services Committee Chairman French Hill (R-AR) praised the decision, stating: The previous Administration’s controversial ‘Broker Rule’ is a clear example of government overreach that threatens to push American digital asset development overseas. The lawmaker added: “I was proud to protect America’s leadership in the digital asset ecosystem and vote to overturn this harmful, anti-innovation midnight rulemaking.” Hill also underscored the need for bipartisan action to refine cryptocurrency regulations: “I look forward to working in a bipartisan manner to ensure the digital asset reporting requirements from the Infrastructure Investment and Jobs Act match the technology’s operation. We must bring legal and regulatory certainty to ensure these technologies and entrepreneurs can flourish here in the United States.” House Republican Conference Chairwoman Lisa McClain (R-MI) commented: We voted to reverse another burdensome regulation that created unnecessary bureaucracy in our digital asset sales. House Republicans are easing restrictions, spurring innovation, and making America more competitive. President Donald Trump must sign the resolution for it to become law. The White House has expressed support for the measure, aligning with its broader strategy to ease regulatory constraints and foster innovation in the digital asset sector. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

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SEEK TO ELX. Energy Ledger Inc. seeks to make ELX the standard software development platform for energy value trade on the blockchain. The goal and intent of creating this generalized crypto-commodity is to (i) create a cryptocurrency that can be utilized by the energy industry to manage oil containers, and (ii) to incentivize the long term storage of crude oil through investment in the ecosystem. The idea for ELX was originally conceptualized in 2018 by founder and CEO of Energy Ledger Inc., William G. Pete, who identified the potential for Crude Oil markets to fall into contango or backwardation due to the lack of a computer system such as blockchain being developed to manage and understand the scarcity of storage for crude oil. As of April 2020, oil indexes such as WTI briefly fell negative because of contango patterns “Oil prices have been trading in a pattern known as contango this year, where spot prices and near-term futures are worth less than futures expiring several months from now” (Salzman, A., 2020) and “But suddenly this week, the super contango pattern shifted into a pattern called backwardation, if only briefly. Backwardation means oil today is worth more than oil in the future.” (Salzman, A., 2020). With this issue coming to fruition, Energy Ledger was formed to prove the concept and eventual execution of a deployed blockchain solution for crude oil storage units. Smart contract process characteristics portend potential business process continuous improvement for supply chain processes. The potential for supply chain business process improvements can be situated in blockchain information that may capture performance metrics in ledgers; linking them to agree upon processes (S. Saberi, M. Kouhizadeh, J. Sarkis & L. Shen., 2019).