Applying Existing Tax Anti-Abuse Rules to Digital Assets Act

Summary

The bill changes the tax code so that loss‑harvesting and constructive‑sale rules apply to cryptocurrencies and other digital assets, except qualified U.S. dollar stablecoins. It treats tokenized assets as essentially the same as stocks or securities for these rules and adds a narrow carve‑out for assets bought while validating transactions. The goal is to close a tax loophole that currently lets digital‑asset traders claim losses that would be disallowed for stocks.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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