Proposed Crypto Tax Legislation Under Investigation Due to Insufficient Evidence

Crypto Tax Bill Uncertainty: Representatives Max Miller and Steven Horsford are reportedly drafting the 'Digital Asset PARITY Act' aimed at reforming cryptocurrency taxation, but there is currently no primary evidence to confirm the bill's provisions.

Legislative Parallels: The proposed bill's tax breaks for stablecoin transactions and deferred taxation on blockchain rewards resemble previous efforts by Senator Cynthia Lummis, highlighting ongoing challenges in establishing clear digital asset tax regulations.

Market Dynamics: As of December 21, 2025, Bitcoin's price is $88,282.63 with a market cap of $1.76 trillion, but trading volume has significantly decreased, reflecting the impact of regulatory speculation on market activity.

Regulatory Ambiguity: The lack of verified information regarding the Digital Asset PARITY Act raises questions about its potential effects on the financial landscape, emphasizing the need for clarity in digital asset taxation frameworks.