A Republican bill with 2 Democratic cosponsors · See all 3 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the "Digital Asset PARITY Act," aims to amend the Internal Revenue Code of 1986 regarding the tax treatment of digital assets. It establishes specific tax rules for regulated payment stablecoins, including rules on gain recognition and basis. The legislation also addresses the tax treatment of digital asset trading, lending agreements, and assets acquired through validation activities like mining or staking. Additionally, it modifies wash sale rules and requirements for charitable contributions involving digital assets. Finally, it directs the Secretary to study and report on providing relief for small digital asset consumer transactions.
Yes· 3 of 10
- Scored +3
Would business owners be better off under this?
Provides clarity for digital asset businesses, validators, and dealers through new mark-to-market and lending rules.
- Scored +3
Is this likely to grow the economy?
Provides regulatory and tax clarity for the digital asset industry, supporting economic development in financial technology.
- Scored +2
Would people in their twenties and thirties be better off under this?
Young adults disproportionately use digital assets and will benefit from clearer tax rules on stablecoins and minor transactions.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Stablecoin Tax Relief: For holders of regulated payment stablecoins, no gain or loss is recognized on a sale or exchange unless the taxpayer's basis is less than 99 percent of the redemption value (Section 2).
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Trading Safe Harbor: Provides a safe harbor for trading in traded digital assets through resident brokers, commission agents, or custodians (Section 3).
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Validation Activity Deferral: Allows taxpayers involved in validation activities to elect to defer the inclusion of income and capitalize expenses (Section 8).
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Passive Staking Clarification: Establishes that passive staking does not constitute a trade or business (Section 10).
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Consumer Relief Study: Directs a study to determine how to provide relief for low-value digital asset transactions to reduce undue compliance burdens (Section 12).
Potential Negative Impacts for People
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Basis Limitations for Stablecoins: In an exchange of a regulated payment stablecoin, the acquirer's basis is deemed to be $1 (Section 2).
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Transaction Costs: Amounts paid to facilitate the sale or exchange of a regulated payment stablecoin cannot be included in the calculation of the basis (Section 2).
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Lending Income: Payments made to a lender in lieu of staking rewards or other distributions must be included in the lender's gross income (Section 4).
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Wash Sale Rules: Applies wash sale rules to "specified assets," which includes digital assets (Section 5).
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Charitable Contribution Restrictions: For contributions of non-actively traded digital assets exceeding $500, a deduction is not allowed unless a specific contemporaneous written acknowledgment is provided (Section 9).
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Penalty for Fraudulent Acknowledgment: Donee organizations may face penalties for knowingly providing false or fraudulent acknowledgments regarding digital asset donations (Section 9).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — Provides clarity for digital asset businesses, validators, and dealers through new mark-to-market and lending rules. Would middle-income households be better off under this? — Simplifies tax filing for everyday users engaging in stablecoin transactions. Would people in their twenties and thirties be better off under this? — Young adults disproportionately use digital assets and will benefit from clearer tax rules on stablecoins and minor transactions. Would households on low incomes be better off under this? — Studies potential de minimis relief for small transactions, potentially helping lower-income casual users.
- Economy And Finance
- Is this likely to grow the economy? — Provides regulatory and tax clarity for the digital asset industry, supporting economic development in financial technology. Does this give people more protection from unfair business practices? — Mandates a study and interim guidance on reducing tax compliance burdens for low-value consumer transactions. Does this make it easier to run a small business? — Establishes clearer tax accounting rules and safe harbors that benefit small digital asset businesses and traders.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — Enhances transparency by establishing explicit tax reporting requirements and studies on digital asset compliance. Does this make it easier to do business across state lines? — Standardizes tax rules for digital assets and stablecoins across state lines. Does this give the federal government more power? — Expands IRS regulatory authority and reporting frameworks over digital asset transactions.
- 5/19/2026
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
Mike CareyRepublican · Ohio
Suzan DelBeneDemocrat · Washington
Steven HorsfordDemocrat · Nevada