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      Digital Asset Tax Certainty Act: Building on PARITY

      In the days following the CLARITY Act’s failure to obtain the votes needed to proceed to general debate in the Senate, the House Committee on Ways and Means advanced a separate digital asset tax bill: the Digital Asset Tax Certainty Act (DATCA). DATCA incorporates and revises significant portions of an earlier proposal, the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act, commonly known as the Digital Asset PARITY Act (PARITY)....
      By: Seward & Kissel LLP

      Source: JD Supra
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud