Bipartisan Parity Act reboot would force IRS to study de minimis crypto tax exemptions!

A bipartisan quartet of lawmakers — Reps. Steven Horsford (D-NV), Max Miller (R-OH), Suzan DelBene (D-WA), and Mike Carey (R-OH) — reintroduced the Digital Asset Parity Act on Wednesday, the latest push to modernize a tax code that still treats every crypto coffee purchase as a taxable event.

The revised bill directs the IRS to study the real-world tax burden on small digital asset transactions, specifically how many sub-$200 trades are currently captured under existing law and what a de minimis exemption would look like in practice — including potential abuse vectors. It also updates stablecoin treatment, proposing no gain or loss recognition for regulated payment stablecoins unless the cost basis falls below 99% of redemption value, and introduces safe harbors for broker-facilitated trades, wash-sale rules for digital assets, and validator income guidance.

Rep. Horsford framed the…