Charitable Deductions for Digital Asset Donations Act

This bill would change federal tax law so that people who donate widely traded digital assets, such as certain cryptocurrencies, to charity would not need a qualified appraisal to claim a large charitable tax deduction, similar to the current rule for publicly traded stocks. To qualify, an asset must have been quoted on an exchange for the full prior calendar year, have a market value over $500 million (adjusted for inflation after 2027), and the donor and related persons must not own more than 10 percent of it. The bill adds tax-code definitions for digital assets, wrapped digital assets, and U.S. dollar stablecoins, and allows the Treasury Secretary to exclude assets at risk of price manipulation. The change would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Mike Kelly Republican sponsor
• 0 cosponsors