The post Stablecoin payments in the U.S. could soon be tax-free under PARITY Act appeared on BitcoinEthereumNews.com.

Revised PARITY Act would exempt everyday regulated stablecoin payments from capital gains, aligning them with cash-like transactions in the U.S. tax code. Summary Revised Digital Asset PARITY Act would shield everyday regulated stablecoin payments from capital gains tax. Proposal aligns “regulated payment stablecoins” with foreign currency rules while tightening wash-sale rules for other crypto. USDC and USDT transactions are currently treated as taxable disposals under IRS guidance. Under a new draft of the Digital Asset PARITY Act in Washington, gains on everyday payments made with regulated dollar-pegged stablecoins could be ignored for tax purposes, a shift that would make routine USDC and USDT spending effectively tax-free for many U.S. users if enacted. The bipartisan proposal, led by Representatives Steven Horsford and Max Miller in the House, is being circulated as a discussion draft that rewrites how the tax code treats digital assets and payment tokens. Today, the Internal Revenue Service classifies stablecoins as “digital assets” taxed as property, meaning that every sale, exchange or use of USDC or USDT is treated as a potential capital gain or loss event. Tax firms note that converting crypto into USDC, swapping one stablecoin for another or using a stablecoin to buy goods all trigger reportable transactions, even if the price stays close to $1. According to a summary of the PARITY draft reported by CryptoSlate, the bill would create a carve-out for “Regulated Payment Stablecoins,” so that “sellers recognize no gain or loss” on qualifying transactions as long as the token trades within a $0.99 to $1.01 band and meets strict issuance standards. In that framework, the taxpayer’s basis is deemed to be $1 per unit, and minor fluctuations within the band are simply ignored for day-to-day payments. A separate write-up of the reintroduced PARITY Act explains that instead of a flat dollar…

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Filed under: News - @ April 14, 2026 4:32 pm