U.S. lawmakers have reintroduced a revised version of the Digital Asset PARITY Act, signaling a shift in how crypto transactions may be taxed.
The updated draft removes the previously proposed $200 exemption for stablecoin transactions. Instead, it introduces a rule under which gains or losses are not recognized unless a stablecoin’s value falls below 99% of its redemption value.
Additionally, the proposal extends wash sale rules to digital assets and clarifies the distinction between passive staking and active trading.
