A bill to amend the Internal Revenue Code of 1986 to reform the treatment of digital assets.

This bill proposes several amendments to the Internal Revenue Code of 1986 to reform the tax treatment of digital assets. It defines digital assets, introduces a de minimis exemption for small gains from using crypto for purchases, and clarifies the tax treatment of digital asset lending, mining, and staking. The bill also extends wash sale rules to digital assets with an exception for stablecoins, and allows dealers and traders in digital assets to elect mark-to-market accounting. Additionally, it updates rules for charitable contributions of digital assets.