U.S. bipartisan lawmakers draw up tax bill with stablecoin and staking relief

New House connection would exempt immoderate stablecoin payments from superior gains taxes and let stakers to defer income designation for up to 5 years.

Dec 22, 2025, 4:18 p.m.

A bipartisan duo successful the U.S. House of Representatives is circulating a draught bill that would streamline taxation rules for investors, traders and developers by explaining however they would grip reporting their taxes connected staking, debased worth transactions and lavation sales.

Representatives Max Miller of Ohio and Steven Horsford of Nevada unveiled the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields (PARITY) Act on December 20. The connection aims to modernize the Internal Revenue Code of 1986 by eliminating excessive taxation connected mundane crypto transactions, addressing “phantom income,” and closing gaps that lawmakers accidental invitation taxation abuse.

“America’s taxation codification has failed to support gait with modern fiscal technology,” said Miller “This bipartisan authorities brings clarity, parity, fairness, and communal consciousness to the taxation of integer assets. It protects consumers making mundane purchases, ensures the rules are wide for innovators and investors, and strengthens compliance truthful everyone plays by the aforesaid rules.”

The PARITY Act includes targeted taxation exemptions for regulated stablecoins, optional taxation deferral connected staking and mining rewards and caller rules aligning integer assets much intimately with accepted securities and commodities. It would exempt superior gains taxation connected low-value stablecoin transactions nether $200, provided the tokens are dollar-pegged, actively traded and issued by a federally regulated entity.

The measure would besides use longstanding lavation merchantability rules to crypto, preventing traders from harvesting taxation losses portion keeping akin positions. Additionally, it proposes a mark-to-market accounting predetermination for progressive integer plus traders, requiring yearly designation of gains and losses based connected just marketplace value. A abstracted proviso applies the “constructive sale” doctrine to crypto, targeting derivative-based hedging strategies that defer taxation indefinitely.

Other measures see granting nonrecognition attraction to definite integer plus loans, excluding NFTs and thinly traded tokens, and extending taxation benefits to overseas investors who commercialized crypto done U.S. brokers. While astir provisions would instrumentality effect upon enactment, the stablecoin exemption would statesman successful taxation years starting aft Dec. 31, 2025.

“Today, adjacent the smallest crypto transaction tin trigger taxation calculation portion different areas of the instrumentality deficiency clarity and invitation abuse,” said Horsford. “Our treatment draught of the Digital Asset PARITY Act takes a targeted attack that provides an adjacent playing tract for consumers and businesses alike to payment from this caller signifier of payment.”

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Public consultation connected the connection volition hap from February to April 2025, with legislative submissions expected aboriginal that year.