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U.S. lawmakers proposed the draft of the "PARITY Act," which provides a $200 tax exemption only for regulated dollar stablecoins
U.S. Congressman Steven Horsford and Max Miller announced the discussion draft of the "Digital Asset PARITY Act," which aims to promote the development of digital assets and enhance compliance by establishing a unified tax framework.
The draft proposes a small tax exemption for regulated dollar stablecoin transactions under $200 to reduce the tax burden in everyday payments; it also allows miners and stakers to defer tax on rewards for up to 5 years. Additionally, the draft plans to extend the rules for false sales and presumed sales to digital assets and introduce tax treatments based on market value, while clarifying the tax rules for digital asset lending and charitable donations. The bill is still in the discussion stage and has not yet been formally submitted to Congress.
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