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Rep. Steven Horsford Pitches PARITY Act as 'Durable Floor' for Crypto Tax at Consensus Miami

Rep. Steven Horsford Pitches PARITY Act as 'Durable Floor' for Crypto Tax at Consensus Miami
At the Consensus Miami conference, U.S. Representative Steven Horsford introduced the PARITY Act, positioning it as a "durable floor" for cryptocurrency taxation. The proposed legislation aims to establish clear and stable tax rules for digital assets, providing a framework that balances innovation with regulatory oversight. Horsford emphasized the need for a consistent tax policy to support the growing crypto industry, potentially impacting market sentiment and regulatory clarity for Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies.
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