US lawmakers have introduced a draft of the PARITY Act, which would provide a $200 tax exemption only for regulated dollar stablecoins.

U.S. Representatives Steven Horsford and Max Miller released a draft of the "Digital Asset Parity Act," which aims to promote the development of digital assets and improve compliance by establishing a unified tax framework. The draft proposes a small tax exemption for regulated USD stablecoin transactions under $200 to reduce the tax burden on daily payments; it also allows miners and stakers to defer tax payments on rewards for up to five years. Furthermore, the draft plans to extend false sale and presumed sale rules to digital assets and introduce tax treatments such as valuation by market capitalization, while clarifying tax rules for digital asset lending and charitable donations. The bill is currently under discussion and has not yet been formally submitted to Congress.