According to CoinDesk, Rep. Steven Horsford (D-NV) told Consensus Miami on Tuesday that the bipartisan PARITY Act represents a targeted, durable foundation for U.S. crypto tax reform, favouring it over comprehensive alternatives he said risk introducing overly broad definitional language. Co-authored with Rep. Max Miller (R-OH) and last revised in March, the bill's key provisions include a stablecoin-payments cost-basis test, a five-year tax-deferral election on staking and mining rewards, and an extension of wash-sale rules to digital assets. Horsford acknowledged that Senate negotiations on the broader CLARITY Act between Senators Thom Tillis and Angela Alsobrooks appear to be "on hold," and declined to commit to a pre-midterm legislative timeline.