Rep. Max Miller Introduces Crypto Tax Bill with New Rules

• Lyla Velez
• December 21, 2025
• Policy
• 0 Comments

Rep. Max Miller has introduced a new crypto tax bill, the Digital Asset PARITY Act, at a July 2025 House subcommittee hearing in Washington, D.C.

The bill’s introduction signals bipartisan efforts to update crypto taxation, aiming to address taxable gains on digital assets and encourage innovation without driving it abroad.

Rep. Max Miller, along with co-proposer Rep. Steven Horsford, has spearheaded the introduction of the Digital Asset PARITY Act. During the hearing, Miller emphasized the need for a tax code that accommodates innovation. This framework proposes de minimis rules for regulated, dollar-pegged stablecoins. It also includes provisions for mining, staking, and digital asset transactions.

“We need a tax code that keeps up with innovation and not one that chases it overseas.” — Rep. Max Miller

The proposal aims to improve the tax treatment of small crypto transactions, offering a $200 safe harbor for dollar-pegged stablecoins. It also outlines tax deferral for staking and addresses wash sales and loans, potentially impacting relevant markets and stakeholders.

Experts believe the bill could reshape market practices concerning stablecoins and staking. Political and financial impacts include aligning U.S. tax code with the GENIUS Act and promoting a favorable environment for crypto ventures.

Historical initiatives such as Senator Cynthia Lummis’s tax reforms emphasize similar regulatory alignment. New tax codes may enhance technological innovation, with bipartisan cooperation refining the oversight of digital assets.

The strategic partnership among lawmakers reflects a growing necessity for clear and updated tax codes in the cryptocurrency sector, possibly fostering a more conducive environment for digital asset growth.