Stablecoins get clarity, Bitcoin is left behind.
A new U.S. crypto tax discussion draft is drawing early criticism for what it includes and what it leaves out.
On Thursday, Representatives Max Miller and Steven Horsford released the “Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act,” or Digital Asset PARITY Act.
The proposal aims to modernize how digital assets are taxed under the Internal Revenue Code of 1986, offering long-awaited clarity for parts of the crypto market.
Related: Crypto Tax Season Is Here. Here’s What You Need to Know
But the details reveal a clear tilt.
The draft introduces a de minimis exemption for stablecoin transactions under $200, meaning small…
