U.S. lawmakers, in a stunning act of unity, have unveiled a plan to “modernize” the tax code for digital assets. 🤯 Who knew bipartisanship could be this thrilling? 🧠
Representatives Max Miller (R-OH) and Steven Horsford (D-NV) released a draft of the Digital Asset PARITY Act, which aims to make tax rules for stablecoins as clear as mud. 🧩 The goal? To stop everyday crypto transactions from turning into a capital gains nightmare. 💸
The proposal also tries to figure out how to tax income from digital asset trading. Spoiler: It’s probably still a mystery. 🤷♀️ Meanwhile, staking and mining rewards get a “deferral” option, because nothing says “fairness” like letting people pretend they haven’t earned money. 🧨
Congressman Miller says the bill brings “clarity, parity, and common sense” to crypto taxes. We’re just glad he didn’t add a “sarcasm” section. 🤭
Oh, and they’re applying wash-sale rules to digital assets. Because nothing says “fairness” like making sure you can’t game the system… just a little. 🎯
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2025-12-22 22:27