PARITY Act Explained—House Lawmakers Propose New Crypto Tax Rules

PARITY Act proposals include a tax exemption for stablecoin payments. Credit: olia danilevich. Key Takeaways House lawmakers have introduced the Digital Asset PARITY Act. The draft bill proposes amendments to how crypto is treated in the U.S. tax code. Proposals include a tax exemption for stablecoin payments and clearer rules for staking and mining. A bipartisan group of House lawmakers has proposed the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields (PARITY ...