Cryptocurrency Compliance and Regulation News Highlights Within 24 Hours: U.S. Tax Framework Draft Becomes the Focus
On December 22, 2025, the most discussed topic in the field of crypto regulation stems from the discussion draft of the "Digital Asset PARITY Act" released by U.S. Congressional members Max Miller and Steven Horsford. The draft aims to update tax laws to provide a tax safe harbor for regulated dollar-pegged stablecoin transactions: transactions under $200 are exempt from capital gains tax, similar to foreign currency exemptions, aimed at reducing the compliance burden for everyday payments. At the same time, the draft allows traders and dealers to choose fair value accounting and defers taxation on staking rewards, addressing long-term tax uncertainty.
Community feedback has been positive, believing that this move will promote mainstream adoption of stablecoins and expand payment scenarios, echoing this year's GENIUS Act stablecoin framework. The Federal Reserve and FDIC recently rescinded anti-crypto guidance, further loosening banks' participation in digital assets and strengthening the U.S. positioning as a "crypto capital."
Globally, the EU's MiCA framework continues to be implemented, mainland China maintains a strict ban, and Hong Kong actively attracts compliant projects. Overall, by the end of the year, regulatory trends are becoming clearer, institutional confidence is increasing, but attention must be paid to the final implementation of the draft and potential adjustments.
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