[U.S. Congress Advances Bipartisan Crypto Tax Legislation, Potentially the Next Major Bill After the CLARITY Act] BlockBeats News, May 30: Jason Smith, Chairman of the U.S. House Ways and Means Committee, stated that digital asset tax legislation must receive bipartisan support; otherwise, the progress of related bills will not move forward. Subsequently, U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly introduced the 'Protecting, Accountability, Regulation, Innovation, Taxation, and Yield Act' (PARITY Act). The bill aims to update digital asset tax rules, provide a clearer regulatory framework for the market, strengthen investor protection, and prevent market manipulation. Representative Steven Horsford noted that the bill would help ordinary investors participate more safely in the digital asset market and create opportunities for wealth accumulation. Max Miller argued that the current U.S. tax code can no longer keep pace with the rapid development of digital assets and modern financial technology. Currently, the PARITY Act and the ongoing CLARITY Act are considered key components of the U.S.'s efforts to establish a comprehensive regulatory framework for crypto assets. Earlier this year, in March, the U.S. Congress released a draft discussion on tax policy and held a bipartisan roundtable in May to discuss the tax structure for crypto assets. The market is closely watching whether the CLARITY Act can be passed by 2026. Analysts believe that if both the CLARITY Act and PARITY Act are ultimately enacted, along with subsequent rule-making under the GENIUS Act, the U.S. crypto industry will face a clearer regulatory environment, further driving Web3 and DeFi into the mainstream financial system. [Original Link]