@vechain #vechain $VTHO 4 MAIN TERMS OF THIS BILL
1️⃣ Wash Sale Rule — Loophole Closed
Currently, crypto is treated as property, allowing traders to sell losing assets for tax deductions and then immediately buy back the same asset — something that CAN'T be done by stock investors. (BitcoinEthereumNews.com)
If the wash sale provision passes, selling Bitcoin at a loss and buying back within 30 days will disqualify the loss claim — the same rule that has applied to stock investors for decades. Year-end portfolio rebalancing strategies must be adjusted for this waiting period.
2️⃣ Stablecoin Tax Exemption — De Minimis $200
This bill eliminates capital gains tax for transactions under $200 when users pay with stablecoins issued by companies compliant with the GENIUS Act. (Bitcoin News)
The final version in May 2026 also expands this — payment stablecoins will be exempt from tax reporting obligations in case of exchanges, similar to cash treatment, unless the gain/loss exceeds 1% of the digital asset's value.
3️⃣ Staking & Mining — Phantom Income Done
Under the current IRS interpretation, staking rewards are often taxed as soon as they are credited to the wallet, regardless of whether the tokens are locked in a protocol or liquid enough to cover the tax bill. (Crypto Times)
The PARITY Act resolves this by allowing stakers to choose to defer tax on assets for up to five years. "Phantom income" will only be recognized as ordinary income based on fair market value when rewards are cashed out or transferred.
4️⃣ Mark-to-Market & Crypto Lending
Qualified traders and dealers can use mark-to-market accounting, placing crypto trading on par with traditional securities markets. This bill also offers non-taxable treatment for crypto lending arrangements that function as real loans, not asset sales.
#USPARITYCryptoTaxBill #BinanceSquareTalks #BinanceHODL #BinancePizzaDay🍕