Congressmen Steven Horsford (D-Nev.) and Max Miller (R-Ohio) re-introduced their Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields (PARITY) Act late last month, seeking to update how the U.S. addresses crypto and taxes.

Congress is going to address taxes (in general) in the coming months, and crypto may end up part of this. It’s pretty important for anyone in the U.S. who owns any crypto at all, given they will have to report on their digital asset holdings and transactions.

The PARITY Act was first released in discussion draft form last December and re-released on March 26 for further review.

The most immediately visible change appears to be the section addressing “de minimis” gains. De minimis…