Digital Asset PARITY Act
Bill Summary
Requires the tax authority to treat digital assets like traditional assets for tax purposes, providing clarity on their tax treatment. This means digital assets, such as cryptocurrencies, would be subject to the same tax rules as traditional assets like stocks and bonds.
Sponsored By
Bill Journey
- May 19, 2026
- May 19, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects individuals and businesses that own or invest in digital assets, such as cryptocurrencies, by potentially changing how their assets are taxed. It could impact their tax liabilities and investment decisions.
Impact Areas
Support & Opposition
- Republican1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.