US Lawmakers Introduce Revised PARITY Act to Study Crypto Tax Breaks, $200 De Minimis Threshold Proposed

US lawmakers have introduced a revised version of the PARITY Act to modernize digital asset taxation, directing the Internal Revenue Service (IRS) to study potential crypto tax relief measures. According to Representatives Steven Horsford and Max Miller, the updated Digital Asset PARITY Act seeks to reduce taxation friction around small transactions and stablecoin payments by examining whether crypto transactions below a proposed $200 threshold should qualify for de minimis tax exemptions.

The revised bill also proposes more favorable tax treatment for regulated stablecoins that maintain a value within 1% of their peg for at least 95% of trading days over a 12-month period. The proposal reflects lawmakers' recognition that existing tax frameworks may be ill-suited to the expanding use of digital assets, with the aim of reducing complexity that currently discourages mainstream crypto adoption as a payment method.