A bill to amend the Internal Revenue Code of 1986 to reform the treatment of digital assets.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 4
- Latest action
- Jun 30, 2025
What it does
The bill amends the Internal Revenue Code to define digital assets and establish a de minimis exclusion for small gains or losses from using digital assets to purchase goods or services in personal transactions, with limits of $300 per transaction and $5,000 annually, adjusted for inflation and terminating after 2035. It also modifies tax treatment for digital asset lending agreements by expanding the definition of specified assets to include actively traded digital assets and updates wash sale rules to apply to specified assets, including certain digital assets, while excluding payment stablecoins from these provisions. The changes apply to transactions after December 31, 2025, and taxable…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.