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A $500 million test could ease crypto gifts to charity
To qualify, an asset would need year-round exchange quotes, a market value above that threshold and no more than 10% ownership by the donor or related people.
A federal tax bill in the U.S. House would make it easier to donate widely traded digital assets, the kind with prices already posted on exchanges, by removing an appraisal step that can slow down certain charitable gifts. Pennsylvania Republican Rep. Mike Kelly introduced the measure in the House Ways and Means Committee.
The change would apply to taxable years beginning after Dec. 31, 2026. For donors, the practical shift is simple: gifts that now need extra valuation paperwork could be treated more like publicly traded securities than like hard-to-price assets.
A narrower carveout
The bill does not open the door to every digital token. It limits the break to what it calls a widely traded digital asset, meaning a fungible asset with quotations available on an exchange for the full prior calendar year, a market value above $500 million at most times during that year, and no more than 10% owned by the donor or related people during the tax year.
The proposal also leaves room for the secretary to step in where needed to prevent abuse. That keeps the focus on assets with clear market pricing, instead of one-off holdings whose value could be disputed at the time of donation.