US Congressman Backs Crypto Inclusion in Retirement Accounts

US Congressman Steven Horsford has spoken out in support of incorporating cryptocurrency into retirement accounts as a means of reducing the wealth gap. In his address at the Miami Consensus 2026 conference, he emphasized that legislation on this matter will not be rushed and may be progressed through separate bills.

The congressman also discussed the PARITY Act, a bipartisan bill aimed at modernizing crypto tax laws. The act seeks to clarify issues related to 'income' and 'capital gains' in scenarios such as the sale of digital assets, staking rewards, and lending. Horsford highlighted that the current federal tax law is outdated and has led to difficulties for the IRS in processing tax forms for crypto users.