U.S. lawmakers have reintroduced a revised version of the Digital Asset PARITY Act, aiming to update tax rules for digital assets. The new draft eliminates the $200 tax exemption for payments made with regulated stablecoins, a feature present in the December 2025 proposal. Additionally, the revised act stipulates that no gains or losses will be recognized unless the taxpayer's stablecoin basis is below 99% of its redemption value. The latest draft also proposes applying wash sale rules to digital asset transactions and clarifies the distinction between 'passive staking' and trading activities.