U.S. Lawmakers Introduce Digital Asset PARITY Act to Clarify Crypto Tax Rules

The Internal Revenue Service currently treats cryptocurrency as property, meaning payments, trades and staking rewards may all trigger reporting requirements. The rules are fragmented, and even small payments require gains or losses to be calculated. Bipartisan lawmakers on the House Ways and Means Committee are therefore advancing the Digital Asset PARITY Act, which seeks to bring stablecoins, lending, mining and staking under a consistent tax framework.

Representatives Max Miller and Steven Horsford introduced the bill on May 19, 2026. Transactions involving compliant stablecoins worth less than $200 would be tax-exempt. Income from mining, staking and validation would generally be included in gross income at its fair market value when received, with taxpayers able to elect a deferral of up to five tax years. The House Ways and Means Committee held a hearing on June 9, but the bill remains under consideration.