A bipartisan draft of the PARITY Act has triggered crypto industry backlash by giving certain payment stablecoins a $200 de minimis exemption and letting proof-of-stake rewards defer tax until sale. Bitcoin advocates said the draft still taxes mining rewards at fair market value on receipt and leaves small Bitcoin purchases subject to capital gains reporting. The Digital Chamber welcomed the discussion draft but called for mining and staking rewards to be taxed only on sale and for broader exemptions.