US EditionHouse Plan Seeks Tax Safe Harbor for Stablecoins, Crypto Staking
The PARITY Act proposes to exempt gains on stablecoin transactions under $200 and align crypto tax rules with traditional securities, aiming to reduce tax abuse, lawmakers say.
- On December 20, Representatives Max Miller of Ohio and Steven Horsford of Nevada unveiled the Digital Asset PARITY Act discussion draft, sponsors say it targets an even playing field for digital asset users.
- Facing concerns about 'phantom income,' sponsors say the proposal modernizes the Internal Revenue Code of 1986 to eliminate excessive taxation on everyday crypto and protect consumers making everyday purchases.
- The draft would exempt small stablecoin purchases under $200 for regulated stablecoins, allow optional deferral for stakers and miners, and create a mark-to-market election for active digital-asset traders.
- If enacted, the changes would take effect for taxable years beginning after December 31, 2025, applying stablecoin exemption provisions and extending tax benefits to foreign investors trading through U.S. brokers.
- Applying traditional tax doctrines, the draft brings wash-sale rules to crypto, invokes the constructive-sale doctrine for derivative hedges, and excludes NFTs and thinly traded tokens.
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The Crypto Lobby is a Disease
Marty's Bentvia Conner BrownWell it looks like Capitol Hill is thinking about making one of the more objectively idiotic and transparently corrupt decisions related to bitcoin and "crypto" in recent years. As Conner Brown reports, there has been an ongoing back-and-forth behind the scenes about whether or not there will be de minimis tax exemption for bitcoin transactions. Apparently, the crypto lobby has been pushing for a "narrowing" of the ru…
Game-Changing Crypto Tax Benefits Proposed In New US House Bill
BitcoinWorld Game-Changing Crypto Tax Benefits Proposed in New US House Bill Imagine buying your morning coffee with a stablecoin and not worrying about a complex tax report. A new draft bill in the U.S. House of Representatives aims to make that a reality, proposing significant crypto tax benefits for everyday investors and miners. The Digital Asset PARITY Act could simplify the tax landscape and encourage broader adoption. What Are the Propose…
Lawmakers Push Bipartisan PARITY Act to Ease Crypto Tax Burdens
Key Insights The PARITY Act proposes a $200 de minimis exemption for small stablecoin payments, easing crypto tax burdens on everyday transactions. It allows deferral of mining and staking rewards for up to five years, addressing the issue of phantom income. The draft extends traditional securities tax rules to digital assets, including wash sale rules, mark‑to‑market accounting, and lending treatment. On December 20, 2025, Representatives Max …
US lawmakers urge IRS to review crypto staking tax rules before 2026 - The Cryptocurrency Post
A bipartisan group of 18 U.S. House members led by Representative Mike Carey has urged the Internal Revenue Service to revise crypto staking tax rules before the 2026 tax year. In a letter sent on December 19, 2025, to Acting Commissioner Scott Bessent, the lawmakers argue that current guidance imposes what they describe as double taxation and threatens U.S. innovation in digital assets. The letter seeks a comprehensive review of Revenue Ruling …
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