Latest Congressional swing at crypto tax reform would direct IRS to review de minimis exemptions
U.S. lawmakers reintroduced the Parity Act, directing the IRS to study de minimis exemptions for small crypto transactions under $200. The bipartisan bill updates stablecoin tax rules, defines wash-sale treatment, and addresses validator rewards. The crypto industry seeks relief from reporting burdens on minor transactions, arguing it enables everyday crypto payments. Tax clarity remains foundational for institutional adoption.
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Why Trump's bitcoin ETF plans likely collapsed before getting off the ground
Trump Media scrapped its Truth Social bitcoin and ethereum ETF plans after withdrawing SEC filings, citing a crowded market with fees collapsing to 14 basis points. Analysts blame weak demand—the firm's existing ETFs attracted just $30 million—and fierce competition from major players like Morgan Stanley. The withdrawal signals challenges for new entrants in the saturated spot bitcoin ETF space.
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