Referred to the House Committee on Ways and Means.
Summary
The Digital Asset PARITY Act changes the Internal Revenue Code so that certain regulated payment stablecoins, other digital assets, and related transactions are taxed in a new, uniform way. It creates a special basis rule for stablecoins, a safe‑harbor for trading digital assets through brokers, and extends wash‑sale rules to include digital assets. The bill also clarifies how income from lending digital assets is reported.
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