Jason Smith: Digital asset tax legislation requires bipartisan support

On May 30th, Jason Smith, the chairman of the U.S. House Ways and Means Committee, stated that legislation on digital asset taxation must receive bipartisan support, otherwise it will not advance the relevant bill process. Subsequently, Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly proposed the "Parity Act" aimed at updating tax rules, strengthening investor protection, and preventing market manipulation. Steven Horsford stated that the bill will help ordinary investors participate in the market more safely; Max Miller believes that the current tax laws are no longer suitable for the development of digital assets. The Parity Act and the CLARITY Act are considered important components of the US cryptocurrency regulatory system.