Bitcoin Advocates Oppose New PARITY Act Over Mining Tax
By Bullbit Editorial · March 28, 2026
WhatBitcoin advocates are opposing the newly drafted PARITY Act due to its tax structures targeting miners.
WhyThe bill's tax provisions are seen as prohibitive, potentially crippling the US mining industry.
SignalThe PARITY Act's impact on mining could have a ripple effect on the overall cryptocurrency market.
TargetThe bill's authors, Reps. Max Miller and Steven Horsford, aim to overhaul the Internal Revenue Service's tax policies.
RiskIf passed, the PARITY Act could lead to a significant decline in US-based mining operations, shifting the industry to more tax-friendly jurisdictions.