U.S. Lawmakers Introduce PARITY Act for Digital Asset Tax Regulation

U.S. House Ways and Means Committee Chairman Jason Smith emphasized the necessity of bipartisan support for digital asset tax legislation, stating that without it, related bills will not progress. According to ChainCatcher, Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey have introduced the "PARITY Act," aimed at updating tax rules for digital assets to provide a clearer regulatory framework, enhance investor protection, and prevent market manipulation. Representative Steven Horsford noted that the legislation would help ordinary investors participate more safely in the digital asset market and create opportunities for wealth accumulation. Max Miller highlighted that the current U.S. tax code is inadequate for the rapid development of digital assets and modern financial technology. The PARITY Act, along with the ongoing CLARITY Act, is seen as a crucial part of establishing a comprehensive regulatory system for crypto assets in the U.S. In March, the U.S. Congress released a draft discussion on tax policy, followed by a bipartisan roundtable in May to discuss the crypto asset tax framework. The market is closely watching whether the CLARITY Act will pass by 2026. Analysts suggest that if both the CLARITY and PARITY Acts are enacted, along with subsequent rules from the GENIUS Act, the U.S. crypto industry could see a clearer regulatory environment, further integrating Web3 and DeFi into the mainstream financial system.