U.S. lawmakers Steven Horsford and Max Miller have reintroduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields (PARITY) Act, which seeks to establish new regulations for cryptocurrency taxation in the United States.
The bill was first released as a discussion draft in December 2025 and was reintroduced on March 26 for further review. The upcoming months will see Congress analyzing tax policies which will include discussions about digital assets during those talks.
For crypto holders in the United States, the outcome could be important. The current regulations require users to disclose their complete digital asset holdings and transaction activities for all types of digital asset usage. The proposed legislation aims to simplify this process and reduce the burden on individuals.
De minimis rule could ease small crypto payments
The PARITY Act establishes a “de minimis” exemption, which serves as one of its main provisions. The rule permits tax-exempt status for minor crypto transactions because the tax reporting rules do not require these transactions to be reported. Users can avoid reporting their minor gains or losses that occur from their small cryptocurrency payments, according to the system. The system enables users to make digital asset purchases without needing to calculate their tax obligations because it uses digital assets as payment for regular transactions.
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The previous bill version recommended a $200 minimum requirement for stablecoin payments to count as regulated transactions. The rule establishes that purchases under this limit will not create a taxable situation which includes the example of buying coffee. The crypto industry has long pushed for this type of exemption. The existing reporting requirements that accompany each transaction make digital assets unworkable as payment methods, according to many people.
The future remains uncertain despite the current efforts for another initiative. The PARITY Act faces no certainty of inclusion into the current tax reform talks, which continue at this time. The proposal occurs during extensive fiscal planning, which includes budget meetings that Donald Trump leads for the upcoming 2027 fiscal year. The plans still need to establish how crypto will function in their ultimate outcomes.
The bill shows that lawmakers want to establish better rules, which will help digital asset users because they want to protect their rights through their work. The legal body wants to help users through its existing work while the number of crypto users increases.
