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US Lawmakers Propose Digital Asset PARITY Act to Simplify Crypto Taxation

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The digital asset market is set for regulatory clarity as US lawmakers push the Digital Asset PARITY Act. The bipartisan bill, backed by Reps. Max Miller and Steven Horsford, aims to simplify crypto taxation by aligning it with traditional finance rules. It introduces mark-to-market accounting, a de minimis exemption for small stablecoin trades, and clearer cross-border guidelines. Traders, miners, and stakers will benefit from reduced compliance burdens. Altcoins to watch may gain traction as the bill moves through Congress.
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