Digital Asset PARITY Act amends tax code to regulate digital assets, including stablecoins and exchanges.

The Digital Asset PARITY Act amends the Internal Revenue Code to provide specific tax treatments for digital assets. It defines terms like "digital asset," "regulated payment stablecoin," and "actively traded digital asset." The Act includes provisions for the tax treatment of digital assets acquired through validation activities, such as staking or mining. It also addresses the tax implications of digital asset lending agreements and the application of wash sale rules.

Digital Asset PARITY Act amends tax code to regulate digital assets, including stablecoins and exchanges.

The Digital Asset PARITY Act amends the Internal Revenue Code to provide specific tax treatments for digital assets. It defines terms like "digital asset," "regulated payment stablecoin," and "actively traded digital asset." The Act includes provisions for the tax treatment of digital assets acquired through validation activities, such as staking or mining. It also addresses the tax implications of digital asset lending agreements and the application of wash sale rules.