US Representatives Max Miller and Steven Horsford have released a discussion draft of the “Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act,” or the “Digital Asset PARITY Act,” outlining a proposed overhaul of how digital assets are taxed under US law. The bill seeks to amend the Internal Revenue Code of 1986 by introducing clearer definitions and treatment for digital assets, with a particular focus on stablecoins. It remains a discussion draft and has not yet been formally introduced to Congress, signaling an early-stage effort to gather feedback from lawmakers, regulators, ... (full story)