Charitable Deductions for Digital Asset Donations Act exempts digital assets from appraisal requirements for charitable contributions.

The Charitable Deductions for Digital Asset Donations Act amends the Internal Revenue Code to exempt digital assets from the appraisal requirement for certain charitable contributions. This applies to widely traded digital assets, defined as those with readily available quotations on an exchange and not classified as tokenized digital assets. The bill also includes definitions for terms like "digital asset," "traded digital asset," and "wrapped digital asset." The Secretary of the Treasury has the authority to adjust requirements and publish a list of qualified U.S. dollar stablecoins.

Charitable Deductions for Digital Asset Donations Act exempts digital assets from appraisal requirements for charitable contributions.

The Charitable Deductions for Digital Asset Donations Act amends the Internal Revenue Code to exempt digital assets from the appraisal requirement for certain charitable contributions. This applies to widely traded digital assets, defined as those with readily available quotations on an exchange and not classified as tokenized digital assets. The bill also includes definitions for terms like "digital asset," "traded digital asset," and "wrapped digital asset." The Secretary of the Treasury has the authority to adjust requirements and publish a list of qualified U.S. dollar stablecoins.