US lawmakers unveiled the Digital Asset PARITY Act, a sweeping bill aiming to overhaul digital asset taxation-but it excludes Bitcoin miners from critical tax relief. The proposal grants deferred taxation on staking rewards for proof-of-stake networks, while leaving proof-of-work miners subject to immediate taxation on block rewards.
The Bitcoin Policy Institute condemned the move as a two-tier tax regime that undermines technological neutrality. BPI warned the imbalance could drive innovation offshore and erode US leadership in Bitcoin development.
The group urged Congress to extend the staking deferral to all block-reward recipients, including miners, or implement a broader de minimis exemption not limited to stablecoins.
Bitcoin traded near $66,000, down 4% in 24 hours and nearly 6% over seven days, as markets reacted to the regulatory uncertainty.