On May 19, a bipartisan group of House lawmakers introduced the PARITY Act to establish a comprehensive tax framework for digital assets. The bill does not include a de minimis exemption for small crypto transactions but directs the Treasury to study the issue within 180 days. Key provisions include treating regulated stablecoins as cash, allowing a mark-to-market election for professional traders, resolving the "phantom income" issue for miners and stakers, and providing tax certainty for foreign investors. No markup has been scheduled yet, and analysts suggest final passage may have to wait until after the November midterm elections.








52.37K Popularity
1.27M Popularity
18.21M Popularity
9.58M Popularity
805.57K Popularity
531.15K Popularity
60.25M Popularity
511.34K Popularity
3.16M Popularity
228.84K Popularity