US Congressmen Steven Horsford and Max Miller have reintroduced the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act, which seeks to update the country's crypto tax policies. The bill's revisions include changes to 'de minimis' gains, which exempt small transactions from tax reporting. The latest draft also applies wash sale rules to digital asset transactions and differentiates between 'passive staking' and trading activities. As the US Congress is set to address tax reforms in the coming months, the crypto industry is pushing for inclusion in any potential tax legislation.