U.S. Representative Steven Horsford expressed support for including cryptocurrencies in retirement accounts during the Consensus 2026 conference in Miami. Horsford, a co-author of the PARITY Act, sees this move as a crucial step towards reducing the wealth gap. He emphasized that while he supports this inclusion, legislative changes will proceed cautiously, potentially through separate future bills. Horsford also discussed the bipartisan PARITY Act, co-sponsored with Republican Representative Max Miller, which focuses on clarifying crypto taxation. The bill aims to address foundational tax issues, such as distinguishing between income and capital gains for digital asset transactions, staking rewards, and lending. Horsford highlighted the outdated nature of current federal tax laws and the IRS's struggle to manage crypto-related tax forms, underscoring the need for legislative updates.