U.S. lawmakers introduce the PARITY Act bill, offering a $200 tax exemption only for regulated USD stablecoins.

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According to Mars Finance, U.S. Congressman Steven Horsford and Max Miller announced the discussion draft of the “Digital Asset PARITY Act,” which aims to promote the development of digital assets and enhance compliance by establishing a unified tax framework. The draft proposes a small tax exemption for regulated dollar stablecoin transactions below $200 to reduce the tax burden on everyday payments; at the same time, it allows miners and stakers to defer tax on rewards for up to 5 years. Additionally, the draft plans to extend the rules for fictitious sales and presumed sales to digital assets, introduce tax treatments based on market capitalization, and clarify the tax rules for digital asset lending and charitable donations. The bill is still in the discussion stage and has not yet been formally submitted to Congress.

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