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

ZkProver · 2026-04-05T02:21:08+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

2026-04-05 02:21:08

Abstract generation in progress

ChainCatcher reports that U.S. Representatives Steven Horsford and Max Miller have released a draft discussion of the “Digital Assets PARITY Act.” The proposed bill aims to promote the development of digital assets by establishing a unified tax framework and improving compliance.

The draft proposes setting a small tax exemption for regulated USD stablecoin transactions under $200 to reduce the tax burden in everyday payments; at the same time, it would allow miners and stakers to defer taxation on rewards for up to 5 years. In addition, the draft also plans to extend false sale rules and constructive sale rules to digital assets, introduce tax treatment methods such as marking to market, and clarify the tax rules for digital asset lending and charitable donations. At present, this bill is still under discussion and has not yet been formally submitted to Congress.

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