MAROKO133 Breaking crypto: US House Draft Proposes Tax Safe Harbor for Some Stablecoin Tra

📌 MAROKO133 Hot crypto: US House Draft Proposes Tax Safe Harbor for Some Stablecoi

Two bipartisan US House lawmakers have released a discussion draft that would carve out a limited tax safe harbor for stablecoin payments, marking one of the most concrete attempts yet to align crypto taxation with everyday consumer use.

The proposal, dubbed the Digital Asset PARITY Act, was introduced by Rep. Max Miller, a Republican from Ohio, and Rep. Steven Horsford, a Democrat from Nevada.

Both sit on the powerful House Ways and Means Committee, which oversees tax legislation, according to a Sunday report from Bloomberg.

US House Draft Would Exempt Small Stablecoin Payments From Capital Gains Tax

At its core, the bill would exempt certain small stablecoin transactions from capital gains taxes. Under the proposal, purchases made with regulated, dollar-pegged stablecoins valued at less than $200 would not trigger taxable events.

The goal is to remove the compliance burden tied to routine payments, where even minor price fluctuations can currently require users to calculate gains or losses.

Horsford argued the draft is designed to provide clearer rules while preserving the integrity of the tax system.

To qualify, stablecoins must be issued by a permitted issuer under the GENIUS Act, be backed solely by the US dollar, and have traded within 1% of $1.00 for at least 95% of trading days over the past year.

Brokers and dealers would be excluded from the safe harbor, and the exemption would not apply to other cryptocurrencies such as Bitcoin or Ether.

Lawmakers also noted they are still evaluating whether to introduce an annual cap to prevent the provision from being used to shield investment activity rather than consumer payments.

Beyond stablecoins, the draft attempts to resolve one of the most contentious issues in crypto tax policy: when staking and mining rewards should be taxed.

Current IRS guidance treats rewards as taxable income at the moment they are received, a position that has drawn criticism from industry advocates and some Republican lawmakers.

At the other end of the spectrum, Senator Cynthia Lummis has pushed for deferring taxes until rewards are sold.

The Miller-Horsford proposal takes a middle-ground approach. Taxpayers would be allowed to elect a five-year deferral on staking and mining rewards.

At the end of that period, the rewards would be taxed as ordinary income based on their fair market value. The draft describes the framework as a compromise between immediate taxation and full deferral until sale.

US House Draft Extends Securities Tax Rules to Crypto, Targets Wash Trades

The bill also extends several securities tax rules to digital assets.

It would apply wash sale restrictions to cryptocurrencies, limit strategies designed to lock in gains while delaying taxes, and extend securities lending treatment to qualifying crypto loans involving fungible, liquid assets. NFTs and illiquid tokens would be excluded.

Additional provisions would allow professional traders to use mark-to-market accounting and relax appraisal requirements for charitable donations of large-cap digital assets.

Passive protocol-level staking by investment funds would also be clarified as not constituting a trade or business.

The stablecoin safe harbor would take effect for taxable years beginning after December 31, 2025. Miller has said he believes the broader legislation could advance before August 2026.

The post US House Draft Proposes Tax Safe Harbor for Some Stablecoin Transactions appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 MAROKO133 Eksklusif crypto: XRP Whales Bought $640 Million, What are They Antici

XRP has struggled to sustain a recovery over the past several days, with price repeatedly failing to gain traction near key resistance levels. Despite the hesitation, investor behavior is shifting. 

Large holders appear to be increasing exposure, signaling growing confidence that current prices may offer an attractive entry point.

XRP Holders Are Imbuing Confidence

On-chain data shows a notable increase in whale accumulation. Addresses holding between 100 million and 1 billion XRP added roughly 330 million tokens over the past 48 hours.

This accumulation is valued at approximately $642 million, highlighting renewed demand from large investors.

Such behavior suggests XRP whales are capitalizing on depressed prices rather than exiting positions. Accumulation during consolidation phases often reflects expectations of recovery.

This demand can provide structural support, reducing downside risk while improving the probability of a sustained rebound.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Macro indicators further support the constructive outlook. XRP’s liveliness metric has declined over the past week, signaling reduced coin movement. This trend suggests that long-term holders are shifting away from a selling behavior.

Lower liveliness readings often reflect accumulation or holding patterns. Even a pause in selling by long-term holders can stabilize price action.

Reduced distribution helps absorb short-term volatility, improving conditions for recovery when new demand enters the market.

XRP Price Can Escape

XRP trades near $1.94 at the time of writing, sitting just below a month-long downtrend that has capped upside. The immediate recovery target stands at $2.02. A break above this level would signal renewed strength and an improvement in the trend.

Accumulation by whales and declining long-term selling pressure favor a bullish scenario. If these factors persist, XRP could push past $2.02 and advance toward $2.20. Such a move would mark a clear breakout from the prevailing downtrend.

Downside risks remain if bearish pressure regains control. A failure to sustain momentum could pull XRP back toward $1.85. Further weakness may expose the $1.79 support. Losing that level would invalidate the bullish thesis and reinforce near-term downside risk.

The post XRP Whales Bought $640 Million, What are They Anticipating? appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com