US Representatives Max Miller and Steven Horsford introduced the 'Digital Asset PARITY Act,' aiming to revise tax rules for digital assets. Stablecoins gain a de minimis tax exemption for transactions under $200, while Bitcoin remains excluded. Income from lending or staking is considered gross income at fair market value.
The draft seeks input from stakeholders before congressional introduction. Industry leaders like Cody Carbone support clarity, but Bitcoin proponents criticize the exclusion of Bitcoin. 'Stablecoins are not decentralized,' argued Pierre Rochard, CEO of The Bitcoin Bond Company.
