Rep. Steven Horsford Proposes PARITY Act for Crypto Tax Framework

Key Facts

Democratic Representative Steven Horsford introduced the PARITY Act at the Consensus Miami conference, proposing a durable floor for cryptocurrency taxation. The move aims to establish a stable regulatory framework as Senate negotiations on the CLARITY Act remain stalled. Alongside these legislative efforts, executives from Binance, Revolut, and Circle confirmed a significant shift in the industry's trajectory. These industry leaders noted that digital assets are evolving from speculative instruments into essential infrastructure for global payments and international remittances. This alignment between proposed tax frameworks and the functional evolution of crypto highlights a push for greater regulatory clarity. While the proposal signals a proactive stance, its market impact depends on gaining further legislative momentum within Congress.

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