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U.S. Moves Toward Tax-Free Stablecoin Payments 🇺🇸
The revised Digital Asset PARITY Act could exempt most stablecoin transactions from capital gains tax.
✅ No tax if stablecoin stays within 1% of peg
✅ Old $200 cap removed
✅ $1 cost basis for easy accounting
✅ Staking tax deferred up to 5 years
✅ Wash trading rules now apply to crypto
🔹 Only GENIUS Act-regulated USD stablecoins qualify
🔹 $BTC & $ETH excluded
🔹 Still a draft bill