- New bill proposes $200 tax exemption for USD-pegged stablecoins.
- Key sponsors are Representatives Max Miller and Steven Horsford.
- Affects regulated stablecoins used under specific conditions.
Representatives Max Miller and Steven Horsford propose the Digital Asset PARITY Act, introducing a $200 tax exemption for stablecoin payments, effective post-December 2025, in the U.S. Congress.
The proposal could simplify small transaction regulations for compliant stablecoins, potentially fostering broader adoption in digital currencies without impacting major assets like Bitcoin.
Bipartisan House Bill seeks $200 tax exemption for compliant USD-pegged stablecoin transactions. The proposal, part of the Digital Asset PARITY Act, aims to reduce compliance burdens for such transactions.
Sponsors Representatives Max Miller and Steven Horsford introduced the bill. The tax exemption targets regulated stablecoins, excluding brokers and dealers, intending to be effective post-December 2025.
Impact on Regulated Stablecoins
The bill primarily impacts regulated stablecoins, potentially easing market compliance costs significantly. It does not directly affect other major cryptocurrencies like Bitcoin or Ethereum. This legislative move aligns with ongoing efforts for stablecoin oversight, collaborating with the STABLE Act of 2025. The new exemption could influence financial and regulatory perspectives if passed.
Proposed Annual Exemption Limits
The draft legislation proposes annual limits on the exemption to prevent abuse. Doing so potentially impacts USD-pegged stablecoins, increasing usage in daily transactions. “By introducing a de minimis exemption, we are fostering innovation while ensuring regulatory clarity,” said Steven Horsford, Representative, U.S. House of Representatives.
Future Implications on Stablecoins
No prior industry roles for sponsors in crypto are detailed, but the GENIUS Act forms the issuer criteria baseline. Future implications might reshape stablecoin adoption trends in finance.
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