According to Foresight News, U.S. Democratic Representative Steven Horsford expressed support for including crypto assets in retirement accounts during the Consensus 2026 conference in Miami on May 7, stating this could help narrow wealth inequality.
Horsford, co-author of the PARITY Act alongside Republican Rep. Max Miller, outlined the bipartisan crypto tax reform bill’s focus on resolving foundational tax issues. The legislation targets clarifying the tax treatment of income versus capital gains in scenarios involving selling digital assets, staking rewards, and lending. Horsford noted that current federal tax law significantly lags behind crypto adoption, with the Internal Revenue Service issuing tax forms to users that the agency itself struggles to properly administer, creating an urgent need for legislative guidance.
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