U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey have reintroduced the Equality Act, aiming to reform cryptocurrency taxation. The bill proposes that no gain or loss be recognized when a stablecoin is redeemed at a value of at least 99%. It also seeks to establish a safe harbor for broker transactions and clarify the application of the wash sale rule to digital assets. Additionally, the legislation mandates the IRS to evaluate the feasibility and risks of exempting cryptocurrency transactions under $200 from taxation. Representative Horsford emphasized the importance of clear tax policy in cryptocurrency regulation, noting existing ambiguities in the current tax code.