This bill exempts certain digital assets from federal appraisal requirements when donors contribute them to qualified charities. Specifically, donors who give "widely traded digital assets" such as major cryptocurrencies to charities can claim tax deductions without obtaining the expensive independent appraisals normally required for large charitable donations. To qualify, digital assets must be fungible, have readily available price quotes on exchanges, have a market capitalization exceeding $500 million, and the donor cannot own more than 10 percent of the asset's total units. The provision takes effect for tax years beginning after December 31, 2026, and applies to major cryptocurrencies that meet the bill's stability and market requirements, while allowing the Treasury Secretary to exclude assets prone to price manipulation or lacking reliable pricing. The bill also establishes comprehensive definitions for various types of digital assets and wrapped tokens to clarify how these rules apply across different cryptocurrency structures.
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