Alleged Crypto Tax Bill Faces Scrutiny Over Lack of Evidence

According to available reports, Representatives Max Miller and Steven Horsford are purportedly crafting the ‘Digital Asset PARITY Act’ to reform cryptocurrency taxation in the United States.

The bill’s provisions could significantly influence the cryptocurrency market by offering tax breaks on certain transactions, aligning legislative interests with the burgeoning digital asset sector’s demands.

Crypto Tax Bill: Unverified Claims and Community Silence

Reports claim Representatives Max Miller and Steven Horsford are drafting a bill called the “Digital Asset PARITY Act,” providing tax breaks for stablecoin transactions under $200 and deferrals on blockchain rewards. However, no primary sources confirm this legislation or its associated provisions as of now.

Among these unsubstantiated details, the stated tax exemptions and deferred taxation mirror provisions in Senator Cynthia Lummis’s prior tax bill. Her past efforts included a $300 de minimis crypto transaction exemption and other regulations on digital assets. The alleged PARITY Act reportedly expands wash-sale rules to these assets.

Bitcoin’s Current Market Dynamics Amid Regulatory Speculation

Did you know? The similarities between the alleged Digital Asset PARITY Act and Senator Lummis’s known bills underscore recurring challenges in establishing clear digital asset tax regulations historically, often marred by limited verification and reliance on initiated proposals over confirmed measures.

As of December 21, 2025, Bitcoin (BTC) maintains a price of $88,282.63, with a market cap of $1.76 trillion and a dominance of 58.95%. Recent trading volume has fallen by 67.89% to $14.65 billion. Bitcoin’s price trends include a 0.25% increase over 24 hours and a 22.95% drop over 90 days, according to CoinMarketCap. The circulating supply stands at 19,964,903, nearing its 21 million cap.

Analysts suggest that past regulatory efforts often faced hurdles similar to the unverified reports surrounding this bill. The lack of primary confirmations calls into question the potential impacts on the financial and regulatory landscape until verified disclosures emerge, highlighting ambiguity in current digital asset taxation frameworks. For detailed information on legislative developments, see the US cryptocurrency policy legislative developments tracker by Latham & Watkins.