Referred to the House Committee on Ways and Means.
The bill amends the Internal Revenue Code to treat certain "widely traded digital assets" like publicly traded securities for the charitable deduction appraisal exception, removing the qualified appraisal requirement for such donations. It adds detailed definitions for digital asset categories (digital asset, traded, widely traded, tokenized, wrapped, stablecoin), grants the Treasury Secretary authority to prevent abuse and publish lists, permits limited treatment of qualified U.S. dollar stablecoins as dollars, and applies to taxable years beginning after December 31, 2026.
Liberals worry about valuation abuse; conservatives emphasize reduced burden.
Relative to its intended legislative type, this bill is a focused statutory amendment that clearly identifies the change (an exemption from the appraisal requirement) and supplies detailed definitional rules and safeguards while leaving regulatory refinements to the Secretary.
The bill amends the Internal Revenue Code to treat certain "widely traded digital assets" like publicly traded securities for the charitable deduction appraisal exception, removing the qualified appraisal requirement for such donations.
It adds detailed definitions for digital asset categories (digital asset, traded, widely traded, tokenized, wrapped, stablecoin), grants the Treasury Secretary authority to prevent abuse and publish lists, permits limited treatment of qualified U.S. dollar stablecoins as dollars, and applies to taxable years beginning after December 31, 2026.
Technically narrow and administrable but sits in a politically sensitive policy area; passage depends on committee support and Senate compromise.
Relative to its intended legislative type, this bill is a focused statutory amendment that clearly identifies the change (an exemption from the appraisal requirement) and supplies detailed definitional rules and safeguards while leaving regulatory refinements to the Secretary.
Liberals worry about valuation abuse; conservatives emphasize reduced burden.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals worry about valuation abuse; conservatives emphasize reduced burden.
Cautiously skeptical.
The bill simplifies crypto donations and could increase giving but raises concerns about valuation accuracy and wealthy-donor tax advantages without appraisal safeguards.
Support would depend on stronger anti-abuse and reporting measures.
Cautiously supportive if paired with clear safeguards.
The bill simplifies tax compliance for digital-asset donations and clarifies definitions, but it requires measured anti-abuse rules and fiscal transparency.
Would favor technical fixes and monitoring before broad adoption.
Generally supportive.
The bill reduces regulatory burden, encourages philanthropy, and aligns tax treatment with market realities for widely traded digital assets.
Concerns focus on ensuring anti-abuse safeguards without expanding federal control over digital currencies.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically narrow and administrable but sits in a politically sensitive policy area; passage depends on committee support and Senate compromise.
The bill has not accumulated any surfaced votes yet.
Liberals worry about valuation abuse; conservatives emphasize reduced burden.
Technically narrow and administrable but sits in a politically sensitive policy area; passage depends on committee support and Senate compr…
Relative to its intended legislative type, this bill is a focused statutory amendment that clearly identifies the change (an exemption from the appraisal requirement) and supplies detailed definitional rules and safegua…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.