US House Lawmakers Propose Crypto Tax Framework With Stablecoin Relief

Two bipartisan US lawmakers have introduced a new draft framework aimed at modernizing the taxation of digital assets. Representatives Max Miller (R-Ohio) and Steven Horsford (D-Nev.) unveiled the Digital Asset PARITY Act, which proposes targeted tax relief for everyday crypto usage.

The bill introduces a safe harbor that exempts regulated, dollar-backed stablecoin transactions under $200 from capital gains taxes, easing compliance for small purchases. Additionally, the proposal seeks a middle ground on staking rewards by deferring taxation until assets are sold, rather than at receipt.

However, the exemption would apply only to compliant stablecoins, excluding other cryptocurrencies. Lawmakers say the framework is designed to reduce friction while maintaining oversight.

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