One of the most anticipated features of the bi-partisan Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act (the PARITY Act) has been its attempt to mitigate the tax reporting burdens associated with small‑value digital asset transactions. When the bill was first released in discussion draft form in December 2025, it proposed a relatively familiar solution: a de minimis exception modeled on existing foreign‑currency rules. When a revised draft was released on March 26, 2026,…
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Recent
For years, blockchain developers have urged U.S. courts to provide clearer ex ante guidance on when writing or…
In a recent Law360 article, Baker McKenzie partners David Zaslowsky and Peter Chan explore how the US Digital…
IRS Form 1099-DA, “Digital Asset Proceeds,” is being rolled out starting with the 2025 tax year. With this…
On February 26, 2026, a bipartisan group of U.S. House members introduced the Promoting Innovation in Blockchain Development…
California’s long‑anticipated digital asset licensing regime has finally arrived. Beginning today – Monday, March 9, 2026 – the…
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