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

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2207 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2207 To amend the Internal Revenue Code of 1986 to reform the treatment of digital assets. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 30, 2025 Ms. Lummis introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to reform the treatment of digital assets. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. DEFINITION OF DIGITAL ASSET. Section 7701 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: ``(51) Digital asset.-- ``(A) In general.--Subject to subparagraph (B) and except as otherwise provided by the Secretary, the term `digital asset' means any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology as specified …