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US lawmakers propose crypto tax bill exempting stablecoins but not Bitcoin from gains tax

Market News
27 Mar 2026
Cointelegraph
View Source
Neutral
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US Representatives Max Miller and Steven Horsford released a discussion draft called the Digital Asset PARITY Act to reform crypto tax rules. The bill proposes exempting dollar-pegged stablecoins from capital gains tax if their value remains within 1% of $1 and excludes transaction costs from cost basis. It also introduces a tax exemption for stablecoin transactions below $200. However, the bill does not provide a similar tax exemption for Bitcoin, sparking criticism from Bitcoin advocates who argue Bitcoin should receive de minimis tax relief instead. The draft aims to clarify tax treatment but has not yet been formally introduced to Congress, opening debate on crypto tax policy in the US.

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