U.S. lawmakers introduce the PARITY Act bill, offering a $200 tax exemption only for regulated USD stablecoins.

ZkProver · 2026-03-30T01:36:55+00:00

U.S. Representative Steven Horsford and Max Miller announced a discussion draft of the Digital Asset PARITY Act, aimed at promoting the development of digital assets through a unified tax framework, proposing measures such as small exemption thresholds and tax deferral, to improve the tax rules for digital assets. The bill has not yet been submitted to Congress.

ZkProver

2026-03-30 01:36:55

Abstract generation in progress

ChainCatcher message: U.S. Representatives Steven Horsford and Max Miller released a draft discussion of the “Digital Assets PARITY Act.” The proposal aims to promote the development of digital assets by establishing a unified tax framework and to improve compliance.

The draft proposes to set a small tax exemption for transactions involving regulated dollar-backed stablecoins under $200 to reduce the tax burden in everyday payments. It would also allow miners and stakers to defer taxation on rewards for up to 5 years. In addition, the draft plans to extend rules on fraudulent sales and presumed sales to digital assets, and to introduce tax treatment methods such as mark-to-market valuation. It also clarifies the tax rules for digital asset lending and charitable donations. Currently, the bill is still under discussion and has not yet been formally submitted to the U.S. Congress.

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