🇺🇸 PROPOSAL FOR NEW CRYPTO TAX FRAMEWORK IN THE U.S.

🔹 Bipartisan lawmakers have introduced the Digital Asset PARITY Act draft law, aimed at establishing a new tax framework for crypto.

🔹 The bill proposes to exempt capital gains tax on transactions made with USD-pegged stablecoins, valued under 200 USD.

🔹 Regulations regarding stablecoins are expected to take effect after December 31, 2025, and the entire bill could be pushed through before August 2026.

🔹 For stablecoins, there are no tax benefits in terms of profit-making. The main goal is to reduce the burden of tax compliance, as in reality, stablecoins can still fluctuate slightly by about 0.01 USD, and technically, each use could trigger a tax obligation. Without this exemption, users and sellers would have to track the cost basis for each small transaction, creating a paperwork “nightmare.”

🔹 Additionally, the bill also proposes a maximum 5-year tax deferral on rewards from staking and crypto mining, after which they would be taxed as ordinary income.

🔹 The bill extends wash sale regulations to crypto and allows professional traders to apply the mark to market method.

🔹 Some crypto lending activities will be considered tax-exempt, and passive staking at the protocol level of investment funds will not be regarded as business activity.