U.S. Lawmakers Draft New Bill to Exempt Stablecoin Transactions of $200 or Less from Capital Gains Tax

BlockBeats News, December 21st, according to TheBlock, U.S. lawmakers are currently drafting a cryptocurrency tax bill draft called the Digital Asset PARITY Act, which will exempt capital gains tax on stablecoin transactions of $200 or less. Staking and mining rewards will also be eligible for a five-year tax deferral option.