Congress Proposes Digital Asset PARITY Act to Extend Wash-Sale Rule

Congress has introduced the Digital Asset PARITY Act draft, aiming to apply the 30-day wash-sale rule to actively traded digital assets and related derivatives. According to NS3.AI, this legislative proposal also includes a specific tax exemption for regulated payment stablecoin sales within a $0.99-$1.01 per-unit range. The wash-sale rule extension would be effective immediately upon enactment, while the stablecoin provision is set to commence for taxable years starting after December 31, 2025. Congress is currently finalizing the details of this tax carveout.