To amend the Internal Revenue Code of 1986 to clarify the tax treatment of digital asset rewards.

This bill clarifies when digital asset rewards (like those earned through cryptocurrency mining or staking) become taxable. It states that individuals do not owe income tax when they first receive these rewards, only when they later sell or dispose of the digital assets. The law uses existing IRS definitions for "digital asset" and "blockchain consensus mechanism" to apply this rule. It applies to taxable years starting after December 31, 2023, directly affecting people who earn cryptocurrency rewards and crypto platforms that issue them.