This bill would change how “digital assets” are handled under federal tax law. In plain terms, it aims to update tax rules so the IRS treats digital assets in a clearer, more consistent way. If you buy, sell, or hold digital assets, this could affect how you report transactions and pay taxes. The text provided does not include detailed rules or dates, only that it amends the Internal Revenue Code to reform the treatment of digital assets .

• Key points
  • Who is affected: People and businesses that use or invest in digital assets .
  • What changes: Updates to tax treatment of digital assets; specific provisions are not shown in the provided text .
  • When: The provided text does not list effective dates .