Digital Asset Tax Certainty Act

(a) Short title. This Act may be cited as the Digital Asset Tax Certainty Act.

(b) References. Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.

(c) Table of contents. The table of contents for this Act is as follows: Sec. 1. Short title; etc. Title I—Removing tax barriers to the use of digital assets as a medium of exchange Sec. 101. Treatment of de minimis digital asset fees. Sec. 102. Simplified accounting for gain and loss on widely traded digital assets. Sec. 103. Treatment of U.S. dollar stablecoin transactions. Title II—Providing parity between digital assets and comparable traditional financial assets Sec. 201. Transfers of traded digital assets pursuant to a lending agreement. Sec. 202. Dealers and traders of widely traded digital assets. Sec. 203. Digital asset trading safe harbor. Sec. 204. Charitable contributions of certain digital assets. Title III—Applying existing tax anti-abuse rules to digital assets Sec. 301. Application of wash sale rules to traded digital assets. Sec. 302. Application of constructive sale rules to digital assets. Sec. 303. Application of subpart F and PFIC rules. Sec. 304. Rules related to possessions for determining source of gain or loss on disposition of traded digital assets. Sec. 305. Application of registration-required obligation rules. Sec. 306. Certain rules related to character of gains and losses relating to digital assets. Sec. 307. Miscellaneous provisions. Title IV—Clarifying the tax treatment of mining and staking Sec. 401. Source and character of mining and staking income. Sec. 402. Investment trusts engaged in digital asset staking. Title V—Ensuring that owners and users of digital assets face an appropriate tax compliance burden Sec. 501. Broker requirements. Sec. 502. Establishment of Digital Asset Voluntary Disclosure Program. Sec. 503. Treasury study and report. Title VI—Definitions; regulations; rules of construction Sec. 601. Definitions. Sec. 602. Regulations. Sec. 603. Rules of construction. Title VII—Full House Act Sec. 701. Reinstatement of rules for wagering losses.

(d) Cross reference to defined terms related to digital assets. For definitions of certain terms related to digital assets used in the amendments made by this Act to the Internal Revenue Code of 1986, see the amendments made by section 601 of this Act.