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

ZkProver · 2026-04-07T02:43:07+00:00

U.S. Representative Steven Horsford and Max Miller announced a discussion draft of the Digital Asset PARITY Act, aimed at promoting the development of digital assets through a unified tax framework, proposing measures such as small exemption thresholds and tax deferral, to improve the tax rules for digital assets. The bill has not yet been submitted to Congress.

ZkProver

2026-04-07 02:43:07

Abstract generation in progress

ChainCatcher message: U.S. Representatives Steven Horsford and Max Miller have released a draft discussion of the “Digital Assets PARITY Act,” to be discussed with the aim of promoting the development of digital assets by establishing a unified tax framework and improving compliance.

The draft proposes to set a small tax exemption for transactions involving regulated USD stablecoins under 200 dollars to reduce the tax burden in everyday payments. At the same time, it would allow miners and stakers to defer taxing rewards for up to 5 years. In addition, the draft also plans to expand fraudulent sales rules and presumed sales rules to digital assets, and introduce tax treatments such as mark-to-market. It also clarifies the tax rules for digital asset lending and charitable donations. At present, the bill is still under discussion and has not yet been formally submitted to Congress.

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