Catenaa, Monday, December 22, 2025- Two bipartisan members of the US House of Representatives on Saturday released a draft tax framework for digital assets that proposes a limited stablecoin safe harbor and a new option to defer taxes on staking rewards.

Rep. Max Miller, a Republican from Ohio, and Rep. Steven Horsford, a Democrat from Nevada, introduced the Digital Asset PARITY Act, according to a Bloomberg report. Both lawmakers serve on the House Ways and Means Committee.

The discussion draft would exempt certain small transactions using regulated, dollar-pegged stablecoins from capital gains taxes.

Transactions under $200 would qualify if the stablecoin is issued by an approved entity, pegged only to the US dollar, and has traded within 1% of $1 for at least 95% of days over the prior year. Brokers and dealers would be excluded, and the exemption would not apply to other cryptocurrencies.

Lawmakers said they are still weighing whether to impose an annual cap to prevent the provision from shielding investment activity.

The bill also addresses taxation of mining and staking rewards, an issue that has divided Congress. Current IRS guidance treats rewards as taxable income when received.

Separate legislation introduced earlier this year sought to delay taxes until sale.

Under the new framework, taxpayers could elect to defer taxes on rewards for up to five years. After that period, rewards would be taxed as ordinary income based on fair market value.

The draft extends wash sale and constructive sale rules to digital assets and applies securities lending tax principles to certain crypto loans.

Non-fungible tokens and illiquid assets would not qualify. The bill also allows professional traders to use mark-to-market accounting and eases appraisal requirements for large digital asset donations.

The stablecoin provision would apply to taxable years starting after December 31, 2025.