Congress is weighing whether crypto tax relief should stop at stablecoins

- Congress is finally asking if paying for coffee with crypto should trigger a tax audit. The answer? Probably not, unless you’re using a regulated stablecoin. The House Ways and Means Committee is hearing from Coinbase and Fidelity about the Digital Asset PARITY Act, which proposes treating qualifying stablecoin payments like cash—no capital gains math required. Meanwhile, Bitcoin users still have to track basis on every satoshi spent. It’s a classic case of Washington loving compliant dollars but hating actual decentralization. If you want to buy lunch without filing Form 8949, stick to stablecoins. If you’re holding BTC, prepare to do your own taxes like a peasant. Bureaucracy wins again.