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.








3.45M Popularity
2.16M Popularity
657.21M Popularity
1.36M Popularity
1.28M Popularity
56.21M Popularity
30.03K Popularity
1.45M Popularity
3.26M Popularity