PARITY Draft Law for Digital Assets: Debate About Tax Relief for Stablecoins

US lawmakers Max Miller and Steven Horsford don release one discussion draft called the "Digital Asset PARITY Act," wey dey propose federal tax changes for crypto by amending the Internal Revenue Code. Di main changes dey focus on stablecoins first. Under the Digital Asset PARITY Act, some gains for dollar-pegged stablecoins fit no dey recognized for tax if the investor cost basis change no pass 1% of 0.01 (based on the peg). The draft also stop transaction costs wey you pay to buy or transfer regulated dollar-pegged stablecoins from being added to investor cost basis. E dey also propose one de minimis-style exemption for small stablecoin activity: transactions under $200 no go trigger tax or reporting, but dem never set the yearly cap for the exemption yet. For trading strategies wey pass stablecoins, the draft go require annual gross-income inclusion for "passive" validator-related income (like lending, staking, and validator services), valued at fair market value—this fit bring tax liability even if person no sell. The draft never enter Congress yet and dem dey look for stakeholder input. Industry reaction dey mixed: Digital Chamber’s Cody Carbone talk say the clarity fit help "onshore" crypto activity, but critics like Pierre Rochard say the approach too focused on stablecoins and e miss Bitcoin (BTC). For traders, this one mean possible rule changes wey fit affect stablecoin use, staking income planning, and tax-exposure management for US.