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US Congress Advances Stablecoin Regulation with Tax-Friendly Measures
US Congress Advances Stablecoin Regulation with Tax-Friendly Measures
BTCCSquare news:
Washington is carving a distinct regulatory path for dollar-pegged stablecoins, treating them increasingly like digital cash. The bipartisan Digital Asset PARITY Act, revised in March 2026, proposes exempting gains from regulated stablecoin transactions from gross income—unless redemption value dips below 99% of basis. This follows the GENIUS Act's federal framework, signaling a deliberate policy shift toward mainstreaming stablecoins.
The legislation targets payment stablecoins issued by permitted entities, with exchanges applying a $1 deemed basis per token. By sidestepping broader crypto battles, policymakers are fostering a workable infrastructure for digital dollars—a move that could reshape commerce and institutional adoption.