U.S. lawmakers, in a stunning act of unity, have unveiled a plan to “modernize” the tax code for digital assets. š¤Æ Who knew bipartisanship could be this thrilling? š§
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. š§© The goal? To stop everyday crypto transactions from turning into a capital gains nightmare. šø
The proposal also tries to figure out how to tax income from digital asset trading. Spoiler: Itās probably still a mystery. š¤·āāļø Meanwhile, staking and mining rewards get a “deferral” option, because nothing says “fairness” like letting people pretend they havenāt earned money. š§Ø
Congressman Miller says the bill brings “clarity, parity, and common sense” to crypto taxes. Weāre just glad he didnāt add a “sarcasm” section. š¤
Oh, and theyāre applying wash-sale rules to digital assets. Because nothing says “fairness” like making sure you canāt game the systemā¦ just a little. šÆ
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2025-12-22 22:27