Capital Gains Inflation Relief Act of 2023

This bill amends the Internal Revenue Code of 1986 to allow for the inflation-indexing of capital gains on certain assets held for over three years. It explicitly defines "digital assets" as any natively electronic asset recorded on a cryptographically secured distributed ledger and designed to confer only economic or access rights. This indexing would adjust the asset's cost basis for inflation, reducing the taxable capital gain upon sale.