U.S. lawmakers introduce the PARITY Act bill, offering a $200 tax exemption only for regulated USD stablecoins.

SmartContractAuditor · 2026-03-28T00:50:46+00:00

U.S. Representative Steven Horsford and Max Miller introduced the "Digital Asset PARITY Act" discussion draft, aimed at promoting the development of digital assets through a unified tax framework, reducing tax burdens, and strengthening compliance. The draft proposes tax exemptions for small-scale stablecoin transactions and allows miners to defer taxes. The bill is still under discussion.

SmartContractAuditor

2026-03-28 00:50:46

Abstract generation in progress

Odaily Planet Daily News reports that U.S. Representatives Steven Horsford and Max Miller have released a draft discussion of the “Digital Assets PARITY Act.” The proposal aims to promote the development of digital assets by establishing a unified tax framework and to improve compliance. The draft suggests setting a small tax exemption for transactions involving regulated U.S. dollar stablecoins under $200, to reduce the tax burden in everyday payments; at the same time, it allows miners and stakers to defer paying taxes on rewards for up to 5 years.

In addition, the bill also plans to extend the rules for false sales and the rules for presumed sales to digital assets, and to introduce tax treatment methods such as marking to market by market value. It also clarifies the tax rules for digital-asset lending and charitable donations. At present, the bill is still in the discussion stage and has not yet been formally submitted to Congress.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes