U.S. lawmakers propose a draft PARITY bill that would only provide a $200 tax exemption for regulated U.S. dollar stablecoins

U.S. Congressmen Steven Horsford and MaxMiller announced a draft discussion on the Digital Asset PARITY Act, which plans to promote the development of digital assets and improve compliance by establishing a unified tax framework. The draft proposes to create a small tax exemption for regulated U.S. dollar stablecoin transactions below $200 to reduce the tax burden in daily payments; it also allows miners and pledgers to defer payment of rewards for up to five years. In addition, the draft also plans to extend false sales rules and constructive sales rules to digital assets, introduce tax treatment methods such as mark-to-market, and clarify tax rules for digital asset lending and charitable donations. The bill is still under discussion and has not yet been formally submitted to Congress.