Which bill exempts small stablecoin payments?

TLDR

The Digital Asset PARITY Act proposes exempting small stablecoin payments from capital gains tax.

1. It creates a de minimis safe harbor for regulated, dollar?pegged stablecoins up to $200 per transaction per a draft bill summary.
2. It is a bipartisan discussion draft by Representatives Max Miller and Steven Horsford, reported with details on scope and thresholds in a market update.
3. The exemption targets everyday payments, not trading or investment activity, and includes anti?abuse limits as noted by a policy recap.

Deep Dive

1. The Exemption

The bill introduces a de minimis exemption so users would not recognize gains or losses on payments made with regulated, dollar?pegged stablecoins when the amount is under $200%%CKPROTECTED2%%. That threshold mirrors existing foreign currency relief and is intentionally narrow to reduce paperwork rather than shelter trading gains, per a policy explainer.

• Eligibility requires the stablecoin be issued by approved entities, pegged to USD, and maintain a tight trading range, according to a framework summary.
• Brokers and dealers are excluded, and regulators retain authority to limit abuse.

2. Sponsors And Status

It is a bipartisan discussion draft from Rep. Max Miller and Rep. Steven Horsford on the House Ways and Means Committee, which oversees tax policy. The measure was presented as the Digital Asset PARITY Act and reported with specific thresholds and conditions in a market report.

• Coverage highlights the $200 cap and the focus on payment use rather than investment, as outlined in a news brief.
• As a draft, language could evolve during committee and floor processes.

3. Why It Matters

Compliance overhead for small payments is a practical barrier to mainstream use. Treating stablecoin micro?payments like low?value foreign currency transactions could make spending digital dollars more straightforward, per the policy write?up.

• The bills narrow scope and anti?abuse rules aim to prevent splitting large purchases into multiple sub?$200 transactions, as noted in the framework coverage.
• Risk note: If a stablecoin falls outside the prescribed price band, relief may not apply, limiting the exemptions usability during volatility.

Conclusion

Answer: the Digital Asset PARITY Act. It proposes a $200 de minimis exemption for regulated USD?pegged stablecoin payments with anti?abuse guardrails, per the linked coverage above. If it advances, it could reduce tax friction for small purchases, while leaving trading and investment activity outside the safe harbor.