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#USCongressRevivesCryptoTaxExemptionStudy
**⚖️ Pushing for Everyday Micro-Transactions**
Bipartisan U.S. lawmakers have officially revived the **PARITY Act**, introducing a updated version that directs the IRS to evaluate a long-awaited tax carveout for everyday crypto payments.
**⚡ The Highlights**
* **The Study:** Reintroduced by Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey, the bill mandates that the IRS investigate the feasibility of a **de minimis tax exemption**. The agency must analyze how many transactions under **$200** are currently trapped in the tax framework and assess infrastructure needs to execute a small-value exemption.
* **The Stablecoin Twist:** The bill builds in a vital tax safe harbor for "regulated payment stablecoins." No capital gain or loss would be recognized on these assets as long as their cost basis stays within **99%** of their redemption value, solving the current headache of recording minor price fluctuations.
* **The Current Friction:** Right now, the IRS treats crypto as personal property. This means buying a cup of coffee or paying for a subscription triggers a capital gains event—forcing users to track cost basis on tiny transactions and creating a massive compliance barrier to adoption.