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

Odaily · 2026-03-28T01:05:36+00:00

U.S. Representative Steven Horsford and Max Miller introduced the "Digital Asset PARITY Act" discussion draft, aimed at promoting the development of digital assets through a unified tax framework, reducing tax burdens, and strengthening compliance. The draft proposes tax exemptions for small-scale stablecoin transactions and allows miners to defer taxes. The bill is still under discussion.

Odaily

2026-03-28 01:05:36

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Odaily Planet Daily News - U.S. Representatives Steven Horsford and Max Miller have released a discussion draft of the “Digital Asset PARITY Act,” which aims to promote the development of digital assets and improve compliance by establishing a unified tax framework. The draft proposes a small tax exemption for regulated stablecoin transactions under $200 to reduce the tax burden in daily payments; it also allows miners and stakers to defer taxes on rewards for up to 5 years.

Additionally, the draft plans to extend the rules regarding false sales and presumed sales to digital assets, introduce tax treatments based on market value, and clarify 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 United States Congress.

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