Rep. Steven Horsford pitches PARITY Act as 'durable floor' for crypto tax at Consensus Miami
CoinDesk
Representative Steven Horsford is promoting his bipartisan PARITY Act as a focused, incremental solution for digital asset tax policy.Summary
At the Consensus Miami conference, Representative Steven Horsford presented the PARITY Act as a pragmatic alternative to stalled comprehensive crypto legislation. Co-authored with Representative Max Miller, the bill aims to establish a foundational tax framework for digital assets, including provisions for stablecoin cost-basis tests and tax-deferral for staking and mining rewards. Horsford argued that a narrow, incremental approach avoids the unintended consequences associated with broader proposals, emphasizing that his goal is to provide clarity for consumers and small businesses rather than enacting final, sweeping reforms.
(Source：CoinDesk)