US Representatives Unveil $200 Stablecoin Tax Relief and Five-Year Staking Income Deferral Plan

On December 19, Rep. Max Miller and Steven Horsford introduced a bipartisan discussion draft that would exempt regulated stablecoin payments under $200 per transaction from capital gains tax. The Digital Asset PARITY Act also proposes allowing taxpayers to defer income recognition on staking and mining rewards for up to five years, with those rewards later taxed as ordinary income at fair market value.