Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Rewards
Square
Latest
Hot
News
Profile

American bipartisan lawmakers introduce the PARITY Act to promote modernization of digital asset tax regulations

MeNews
robot
Abstract generation in progress
ME News Report, May 30 (UTC+8), bipartisan lawmakers Steven Horsford (NV) and Max Miller (OH) from the Democratic and Republican parties officially introduced the "Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act" (PARITY Act). The goal is to modernize digital asset tax rules, strengthen investor protection, provide market certainty, prevent abuse, and help ordinary people participate in crypto, build wealth, and reduce the wealth gap. Congressman Jason Smith, chairman of the U.S. House Committee on Appropriations, stated that any crypto tax legislation must have bipartisan support or it will not move forward. The U.S. Congress released a draft tax policy discussion document in March this year and held a bipartisan roundtable in May to discuss the tax framework for digital assets. Horsford and Miller are leading negotiations with the aim of passing the legislation by the end of 2026. The bill runs parallel to the CLARITY Act being advanced in the Senate. The article suggests that if both crypto bills (regulation + taxation) are passed simultaneously by 2026, along with rulemaking under the GENIUS Act, it will bring significant benefits to Web3 and DeFi, truly integrating crypto into the mainstream. (Source: PANews)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
Add a comment
Add a comment
TheLiquidationLampInMisty
· 5h ago
The bipartisan group is finally getting to work, looking forward to 2026
View OriginalReply0
BitByBitBenny
· 5h ago
By the end of 2026... those who understand U.S. legislative pace know—if it can be pushed forward, it’s a win.
View OriginalReply0
NeonStreetReflections
· 6h ago
Smith is right; without bipartisan support for tax reform, it's just a castle in the air.
PARITY and CLARITY run in parallel, combined with the GENIUS rules, only then is the DeFi compliance framework complete.
View OriginalReply0
ApeWithHomework
· 6h ago
Talking about accumulating wealth is easy; first, let grandma safely buy ETH.
View OriginalReply0
AuroraSnowyWildernessSolitary
· 6h ago
Ordinary investors have been waiting too long for this day.
View OriginalReply0
SpiralSeaSalt
· 6h ago
Preventing abuse is crucial; don't let a few bad apples spoil the whole pot.
View OriginalReply0

  • Pinned

Sitemap