U.S. Congress accelerates efforts to overhaul cryptocurrency tax system... Focus on how to inform users about coin taxes

airdrop_whisperer · 2026-01-13T08:45:06+00:00

U.S. senators are initiating bipartisan legislation to reduce tax burdens on digital assets, led by Max Miller and Steven Horsford. The Digital Asset PARITY Act aims to align tax standards for cryptocurrencies with those of traditional assets, simplifying regulations and easing compliance costs for market participants.

airdrop_whisperer

2026-01-13 08:45:06

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U.S. Senators have initiated a bipartisan legislative effort to reduce the tax burden on virtual assets. The Digital Asset PARITY Act, led by Senators Max Miller and Steven Horsford, aims to align the tax standards of the spot asset market with the cryptocurrency trading framework.

Key Points of the Legislation

The main feature of this bill is adjusting existing financial regulations to suit the cryptocurrency market. Specifically, it includes the introduction of mark-to-market accounting, setting tax exemption criteria for small-scale stablecoin transactions, and providing clear tax guidelines for international transactions.

These reforms are expected to significantly reduce compliance costs caused by ambiguous regulations.

Impact on Market Participants

If the bill passes through Congress, the actual burden on exchange users, mining profitability analysts, and investors tracking staking yields is expected to decrease. In particular, simplifying the complexity of cryptocurrency tax guidance will enable more ordinary investors to file accurate tax reports.

This bill is regarded as an important signal toward normalizing regulations in the U.S. virtual asset market.

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