Gate News message: On March 29, U.S. Representatives Steven Horsford and Max Miller released the draft of the “Digital Assets PARITY Act” to discuss it. The draft aims to promote the development of digital assets by establishing a unified tax framework and to improve compliance. The draft proposes a small tax exemption for transactions of regulated U.S. dollar stablecoins under $200, to reduce the tax burden on everyday payments; it also allows miners and stakers to defer paying tax on rewards for up to 5 years. In addition, the draft plans to extend fraudulent sale rules and constructive sale rules to digital assets, and to introduce tax treatment methods such as mark-to-market valuation, while also clarifying tax rules for digital asset lending and charitable donations. At present, the bill is still under discussion and has not been formally submitted to Congress.
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