US lawmakers have introduced the Digital Asset PARITY Act, a bipartisan effort to streamline cryptocurrency taxation. Sponsored by Representatives Max Miller and Steven Horsford, the bill seeks to align crypto tax rules with those of traditional finance. Key provisions include mark-to-market accounting, a de minimis exemption for minor stablecoin transactions, and clearer cross-border tax guidelines. This legislation aims to reduce compliance burdens for traders, miners, and stakers as it progresses through Congress.
US Lawmakers Introduce Digital Asset PARITY Act for Crypto Tax Reform
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