Daily Observation of Cryptocurrency Concept Stocks: The PARITY Act Takes Over Tax Reconstruction, and the "Three-Dimensional Puzzle" of U.S. Cryptocurrency Regulation is Coming to Light
Released on May 31, 2026. Based on the latest developments in U.S. congressional legislation, while the "CLARITY Act" faces strong resistance from the banking industry in the Senate, another bill crucial to the industry's lifeline, the "PARITY Act," is quietly gaining momentum in the House of Representatives. As the core vehicle for bipartisan updates to tax rules, the "PARITY Act" will officially initiate a comprehensive legal restructuring of the U.S. cryptocurrency industry towards the mainstream financial system, in conjunction with several existing bills.
Tax Reform: The PARITY Act Establishes New Rules for Digital Assets
According to a recent in-depth report by Forbes, the U.S. "Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act" (referred to as the PARITY Act) is becoming a crucial core legislation in the cryptocurrency sector.
Jason Smith, Chairman of the U.S. House Ways and Means Committee and Congressman, clearly stated that the tax legislation for digital assets is entering a substantive advancement phase. The fundamental purpose of this bill is to thoroughly update the outdated tax rules for digital assets, eliminating past ambiguities in tax overlaps. It aims to provide a clear financial statistical framework for the entire compliant cryptocurrency market while enhancing investor protection in the top-level design and preventing on-chain market manipulation.
Bipartisan Roundtable Breakthrough: From Draft Discussion to Legislative Consensus
Unlike past cryptocurrency legislation often becoming a political bargaining chip, the advancement of the PARITY Act demonstrates a rare characteristic of bipartisan cooperation.
Jason Smith emphasized that digital asset tax legislation must gain the joint support of both parties. Looking back at the legislative timeline for the first half of 2026, the U.S. Congress officially released the tax policy discussion draft in March this year; subsequently, in May, bipartisan lawmakers held multiple closed-door roundtable meetings to reach a preliminary consensus on core technical details such as the tax framework for crypto assets and accounting deductions for corporate treasuries. This high-level bipartisan communication has cleared preliminary obstacles for the bill's vote in the second half of this year.
Three Bills Converge: Web3 Enters the "Three-Dimensional Puzzle" of Mainstream Finance
From a broader perspective, the current legislative game between Wall Street and Congress is essentially piecing together a giant regulatory map composed of three bills:
First, the CLARITY Act, responsible for addressing compliance pain points related to stablecoins and derivatives;
Second, the PARITY Act, responsible for restructuring asset taxation and fair value determination;
Finally, the GENIUS Act, responsible for formulating subsequent specific underlying rules.
Wall Street research and analysis believe that if the CLARITY Act can successfully overcome resistance in the banking sector in 2026 and is complemented by the implementation of the PARITY Act's tax rules, the U.S. cryptocurrency industry will welcome the clearest and most stringent regulatory environment in history. This system will not only provide a legal liability protection moat for institutional funds but will also thoroughly promote the deep integration of the Web3 ecosystem and DeFi (Decentralized Finance) into the global mainstream clearing and traditional financial systems.
Source: https://bbx.com/ Cryptocurrency Concept Stock Information Database, compiled based on yesterday's announcements from global listed companies and SEC/TSE disclosure documents.
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