Latest Congressional swing at crypto tax reform would direct IRS to review de minimis exemptions

The newest version of the Parity Act updates language around payment stablecoins and directs the IRS to report on how a de minimis exemption might work.

A bipartisan group of lawmakers introduced a revised crypto tax bill Wednesday that aims to update the tax code to better address crypto use cases and would, if signed into law, direct the IRS to analyze the effect de minimis exemptions might…