Bitcoin omitted from PARITY Act tax relief BPI urges inclusion of miners

Congress unveils the Digital Asset PARITY Act. The draft adds a small stablecoin tax break and defers taxes on passive staking. It omits Bitcoin (BTC), drawing immediate pushback.

Representatives Max Miller and Steven Horsford introduced the bill. It targets day‑to‑day payments and PoS rewards.

• Payment stablecoins get a de minimis tax exemption on sub‑$200 transactions if the price stays within 1% of the dollar peg at payment time
• “Passive stakers” may defer tax on staking rewards, changing when income is recognized

The Bitcoin Policy Institute (BPI) objects. It says the draft fixes “phantom income” only for stakers and not miners, creating “a two‑tier tax regime.” BPI urges Congress to broaden the de minimis beyond stablecoins and extend deferral to miners as well, warning of PoW disadvantage and a shift of innovation offshore. Source: BPI statement on X.

Market check. Bitcoin trades near $66,000, down ~4% in 24 hours and ~6% in seven days as the week ends lower.