America proposes tax exemption for a 200 dollar stablecoin and postpones staking time for 5 years

Two American lawmakers Max Miller and Steven Horsford have announced a bipartisan draft law named the Digital Asset PARITY Act, proposing a capital gains tax exemption for stablecoin transactions under 200 USD. The bill focuses on the use of digital assets in everyday payments, rather than speculative activities. Accordingly, the incentive only applies to regulated payment stablecoins pegged to the USD, with prices fluctuating within the range of 0.99–1.01 USD for at least 95% of the trading days of the previous 12 months and complying with the framework of the GENIUS Act.

In addition, the draft allows taxpayers to defer the declaration of income from staking and mining rewards for up to 5 years before being taxed as ordinary income at market value. The bill is currently in the discussion stage and, if passed, will apply to tax years after December 31, 2025.