TechFlow News, May 30: Jason Smith, Chairman of the U.S. House Committee on Ways and Means, stated that bipartisan support is required for digital asset tax reform; otherwise, related legislation will not advance.
Subsequently, U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly introduced the “Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yield Act” (PARITY Act), aiming to update digital asset tax rules, provide the industry with a clearer regulatory framework, strengthen investor protection, and combat market manipulation.
Currently, the PARITY Act and the advancing CLARITY Act are viewed as critical components in building a comprehensive digital asset regulatory framework in the United States. Market participants are closely watching the progress of both bills, believing they hold promise for further clarifying the regulatory and tax environment for the U.S. crypto industry.
