Digital Assets Voluntary Disclosure Program Act

This bill creates a voluntary program allowing individuals who have previously failed to report digital assets taxes to fix their errors without facing additional criminal charges or most civil penalties. To qualify, taxpayers must submit an application, file amended tax returns for affected years, and pay any owed taxes plus a specific penalty that is reduced for those who certify their actions were not willful. In exchange for full compliance, the program waives further penalties and protects participants from criminal prosecution or the use of their disclosed information for investigations. The initiative is designed to help people come into compliance with tax laws regarding digital assets while encouraging transparency through a structured disclosure process.