#parity act

[rwatimes]

US Senate to release crypto tax legislation by fall 2026

➤ The US Senate is expected to release crypto tax legislation by fall 2026, aiming to provide much-needed tax clarity for the digital asset industry. ➤ The House has already advanced multiple digital asset tax bills, including the PARITY Act, which focuses on stablecoin taxation and definitions of digital assets. ➤ Key considerations for investors include how staking rewards will be taxed, with potential legislation significantly altering the economics of proof-of-stake networks.

[rwatimes]

Tax policy evolves as Congress tackles digital assets, partnership reporting, and taxpayer protections

Congress is advancing comprehensive tax policy reforms in May 2026 that address three critical areas: modernizing digital asset taxation, enhancing partnership reporting requirements, and strengthening taxpayer protections. The bipartisan Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields (PARITY) Act, introduced on May 19, 2026, marks the most substantive legislative effort to clarify cryptocurrency tax…

➤ Congress is advancing comprehensive tax policy reforms in May 2026, focusing on modernizing digital asset taxation, enhancing partnership reporting, and strengthening taxpayer protections. ➤ The bipartisan PARITY Act aims to clarify cryptocurrency tax treatment, including wash-sale rules and staking income deferral, while new IRS guidance facilitates broker reporting via Form 1099-DA. ➤ Reforms also include significant partnership reporting overhauls and expanded taxpayer protections, signaling a continuous evolution of the tax code to accommodate emerging financial landscapes.

[rwatimes]

Crypto tax relief bill asks IRS to review small payments

US lawmakers introduced the PARITY Act, directing Treasury to review crypto tax relief for small payments, stablecoins and staking.

➤ US lawmakers introduced the PARITY Act, directing the Treasury Department to review tax relief for small crypto transactions and issue guidance. ➤ The bill also addresses tax treatment for stablecoins, treating regulated dollar-pegged stablecoins like cash, and maintains provisions for staking and mining rewards. ➤ This legislative effort aims to modernize tax codes for digital assets, reduce reporting burdens, and provide clearer rules for investors and businesses.

[rwatimes]

Press Release: Congressman Steven Horsford Introduces Bipartisan PARITY Act for Digital Asset Taxation Reform

➤ Congressman Steven Horsford introduced the bipartisan PARITY Act to modernize digital asset taxation. ➤ The act aims to clarify tax rules, protect consumers, and enhance market transparency for digital assets, including stablecoins. ➤ Lawmakers emphasize the need for updated tax codes to foster innovation and maintain U.S. competitiveness in the digital asset economy.

[finovohub]

Congress on verge of making regulated dollar stablecoins act almost like digital cash

Make CryptoSlate preferred on Washington isn’t trying to solve every crypto policy fight at once, but it appears to be carving out a workable path for one specific category of digital asset: the regulated, dollar-pegged stablecoin. The GENIUS Act established the first federal regulatory framework for payment stablecoins, and a bipartisan House tax discussion draft now proposes friendlier tax…

Congress on verge of making regulated dollar stablecoins act almost like digital cash