Digital Asset PARITY Act Digital Asset Protection, Accountability,...
To amend the Internal Revenue Code of 1986 to provide for the tax treatment of digital assets.
This bill, known as the Digital Asset PARITY Act, aims to update the tax rules for digital assets, such as cryptocurrencies. It seeks to ensure these assets are taxed fairly, just like other forms of income or investments. The bill affects anyone who owns or trades digital assets, including individuals and businesses.
The bill has just been introduced in the House on May 19, 2026, and it has been referred to the House Committee on Ways and Means. This committee will review the bill and may hold hearings to gather more information and opinions before deciding on next steps.
The bill is in its early stages, with the introduction being the first step. Now, it awaits further review and potential amendments by the committee before moving forward in the legislative process.
