#PARITY法案推进 The latest version of the bill chooses not to exempt most small cryptocurrency transactions, which has raised concerns that this could impact the normalization of tax treatment for digital assets. Instead, the bill requires the Treasury Department to study the so-called "small exemption" and mandates the issuance of interim guidance within 180 days, clarifying areas where the Treasury may already have the authority to provide certain tax relief.

According to reports, two sponsors have been working to communicate with industry leaders and legislators about their legislation, while the fundraising committee is also drafting its own version of the bill.
Committee Chairman Jason Smith (Republican, Missouri) stated that the legislation is close to completion but needs bipartisan support before it can be considered.
Last week, members participating in a roundtable unanimously agreed that establishing clear tax policies could bring predictability and aimed to ensure the U.S. remains a leader in the global digital economy.
However, they also emphasized the complexity of the issue and highlighted the challenges faced by Representatives Miller and Housford: they need to explain a range of issues from consumer protection to preventing cryptocurrency-fueled crime.
Miller said that despite the complex policy environment, he is confident that he can push the bill through Congress before the end of his term.
The current "Digital Asset Taxation Act" is 31 pages long, divided into 12 sections, which are:
Title
Tax treatment of regulated payment stablecoin transactions
Digital asset transaction safe harbor
Tax treatment and related matters of digital asset lending protocols
Applying wash sale rules to digital assets
Choosing deemed sale based on market value
Application of rules in digital assets
Handling of digital assets obtained through verification activities
Charitable donations and qualified valuation
Tax treatment of certain digital asset activities
Research and reporting on exemptions for digital asset consumer transactions

Another bill that could shake the nerves of the crypto market is brewing!