Congress has introduced the Digital Asset PARITY Act, a bipartisan discussion draft introduced by Reps. Steven Horsford and Max Miller, who would rewrite Section 1091 to cover “specified assets.”The category explicitly includes actively traded digital assets and their derivatives, and carves out a narrow class of regulated payment stablecoins from routine gain-or-loss recognition.The draft lands harder on the crackdown side than on the relief side, and that asymmetry is what gives the proposal its sharpest edge.For years, crypto traders have exploited a gap that stock investors cannot touch. Under...