Congress proposes removal of widely used Bitcoin tax loophole and giving it to regulated stablecoins
Congress has launched the Digital Asset PARITY Act, a bipartisan dialogue draft launched by Reps. Steven Horsford and Max Miller, who would rewrite Section 1091 to cowl “specified property.” The class explicitly contains actively traded digital property and their derivatives, and carves out a slender class of regulated fee stablecoins from routine gain-or-loss recognition. The…
