{"id":72396,"date":"2026-05-12T09:52:23","date_gmt":"2026-05-12T09:52:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/congress-members-to-hold-bipartisan-crypto-tax-meeting-may-14\/"},"modified":"2026-05-12T09:52:23","modified_gmt":"2026-05-12T09:52:23","slug":"congress-members-to-hold-bipartisan-crypto-tax-meeting-may-14","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/congress-members-to-hold-bipartisan-crypto-tax-meeting-may-14\/","title":{"rendered":"Congress Members to Hold Bipartisan Crypto Tax Meeting May 14"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">House Ways and Means Committee convenes bipartisan crypto tax session on May 14, alongside the CLARITY Act vote.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">PARITY Act would defer staking taxes for up to 5 years and eliminate capital gains on stablecoin payments under $200.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Rep. Max Miller expects the bill to advance before August 2026, aligning with ongoing CLARITY Act momentum.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">PARITY Act Would Defer <span>Staking<\/span> Taxes<\/span><\/h2>\n<p><span style=\"font-weight:400\">The House Ways and Means Committee is set to hold a bipartisan, <a href=\"https:\/\/news.bloomberglaw.com\/business-and-practice\/congress-members-plan-to-meet-on-crypto-tax-briefing-thursday\" target=\"_blank\" rel=\"noopener noreferrer\">closed-door meeting on May 14, 2026<\/a>, to discuss <span>crypto<\/span> tax rules, the same day the Senate Banking Committee is scheduled to vote on the CLARITY Act. The parallel timing makes May 14 the most consequential single day for U.S. <span>crypto<\/span> policy in years.<\/span><\/p>\n<figure id=\"attachment_813449\" aria-describedby=\"caption-attachment-813449\" style=\"width:748px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-813449\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">At the center of the House session is the Digital Asset PARITY Act, introduced by Rep. Max Miller (R-Ohio) and Rep. Steven Horsford (D-Nev.), both members of the Ways and Means Committee. The bill <\/span><a href=\"https:\/\/maxmiller.house.gov\/posts\/congressman-max-miller-releases-bipartisan-legislation-to-modernize-tax-treatment-of-digital-assets\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">targets several tax mechanics<\/span><\/a><span style=\"font-weight:400\"> the <span>crypto<\/span> industry has pushed to reform for years.<\/span><\/p>\n<h2>Closing the Wash Sale Loophole<b\/><\/h2>\n<p><span style=\"font-weight:400\">Firstly, the PARITY act closes the wash sale loophole. Under current U.S. tax law, an investor can sell a digital asset at a loss, immediately repurchase it, and still claim the tax deduction (something stock investors cannot do under the standard wash sale rule). The PARITY Act would bring digital assets under the same restriction, eliminating what some have called a structural tax advantage for <span>crypto<\/span> traders over traditional investors.<\/span><\/p>\n<p><span style=\"font-weight:400\">In return, the bill offers meaningful relief on <span>staking<\/span> and mining income, as under current Internal Revenue Service (IRS) rules, validators receive <span>staking<\/span> rewards that are taxed as ordinary income the moment they are received, even if those tokens are never converted to cash. <\/span><\/p>\n<p><span style=\"font-weight:400\">Critics have called this phantom income taxation, and the PARITY Act, in effect, would let miners and validators defer taxes on <span>staking<\/span> rewards for up to five years, or until the point of sale, effectively moving the taxable event to the moment of actual realization. <\/span><\/p>\n<p><span style=\"font-weight:400\">A third provision eliminates capital gains taxes on transactions under $200 when users pay with <span>stablecoins<\/span> issued by companies compliant with the GENIUS Act, the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> regulatory framework currently advancing through Congress. The practical goal is to remove the friction that currently makes spending <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> on everyday purchases impractical, since each transaction triggers a capital gains calculation regardless of the amount spent.<\/span><\/p>\n<p><span style=\"font-weight:400\">Rep. Miller has said he expects the bill to advance before August 2026. That timeline would align with what <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News has <\/span><a href=\"https:\/\/news.bitcoin.com\/clarity-act-vote-faces-scoring-pressure-ahead-of-senate-banking-markup\/\"><span style=\"font-weight:400\">noted is a defining stretch<\/span><\/a><span style=\"font-weight:400\"> of U.S. <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> legislation, with both chambers moving simultaneously (i.e., the Senate on market structure, the House on tax reform).<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bipartisan-crypto-tax-parity-act-may-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways House Ways and Means Committee convenes bipartisan crypto tax session on May 14, alongside the CLARITY Act vote. PARITY Act would defer staking taxes for up to 5 years and eliminate capital gains on stablecoin payments under $200. Rep. Max Miller expects the bill to advance [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72396"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72396"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72397"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}