Bipartisan Digital Asset PARITY Act Aims to Align Crypto Taxation With Traditional Markets

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A bipartisan bill in Congress is pushing forward a framework to modernize crypto taxation. The Digital Asset PARITY Act, led by Reps. Steven Horsford (D-Nev.) and Max Miller (R-Ohio), aims to align digital asset regulation with existing tax rules for stocks and commodities. The proposal includes a de minimis framework for stablecoins, clearer rules for foreign investors, and mark-to-market accounting for active traders. It also allows deferred income recognition for miners and stakers to address phantom income. The bill seeks to reduce compliance burdens and bring clarity to crypto taxation.
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