Trending Now - Crypto Tax Proposal Excludes Bitcoin, Advocates Call for Change
WHO:
Representatives Max Miller and Steven Horsford introduced the Digital Asset PARITY Act.
The Bitcoin Policy Institute (BPI) is a vocal opponent of the PARITY Act.
WHAT:
The Digital Asset PARITY Act was unveiled on March 25th, 2026.
The bill proposes a tax exemption for small stablecoin transactions under $200 if the stablecoin's price remains within 1% of its dollar peg.
The bill seeks to change the tax timing for income earned by passive participants in proof-of-stake (PoS) networks, allowing deferral of tax consequences for staking rewards.
The BPI criticized the bill for excluding Bitcoin, arguing it creates a "two-tier tax regime" that disadvantages proof-of-work (PoW) networks.
Bitcoin was trading at approximately $66,000, reflecting a 4% loss in the last 24 hours and a 6% loss over the past week.
WHERE:
The proposal was introduced in the United States.
WHEN:
The Digital Asset PARITY Act was introduced on March 25th, 2026.
Bitcoin's trading statistics were reported as of March 25th, 2026.
WHY:
The BPI argues that the bill perpetuates the "phantom income" problem for miners while providing relief only for stakers.
The BPI warns that the current draft could disadvantage proof-of-work systems and shift innovation offshore.
HOW:
The bill creates a narrow tax exemption for regulated payment stablecoins and alters the treatment of staking income.
(UPDATED March 27, 2026 23:08 UTC)
On March 25, 2026, Representatives Max Miller and Steven Horsford introduced the Digital Asset PARITY Act in the United States, which proposes a tax exemption for small stablecoin transactions under $200 and seeks to change the tax timing for income earned by passive participants in proof-of-stake networks. The Bitcoin Policy Institute has voiced strong opposition to the bill, criticizing it for excluding Bitcoin and claiming it creates a "two-tier tax regime" that disadvantages proof-of-work networks, while Bitcoin was trading at approximately $66,000, reflecting recent losses. The BPI warns that the current draft could perpetuate the "phantom income" problem for miners and potentially shift innovation offshore.