Federal acquisition of Bitcoin
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(a) Capital gains exemption for certified sellers Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 140 the following new section: 139M. Bitcoin sales for strategic reserve (a) In general In the case of a certified Bitcoin miner, gross income shall not include any gain from the sale or exchange of qualified Bitcoin to the United States for deposit in the Strategic Bitcoin Reserve. (b) Certified Bitcoin miner For purposes of this section, the term certified Bitcoin miner means any person who is certified pursuant to subparagraph (A)(iv) or (C) of section 4(b)(3) of the Mined in America Act of 2026. (c) Qualified Bitcoin For purposes of this section, the term qualified Bitcoin means Bitcoin which was mined by the certified Bitcoin miner or acquired through direct reward for participation in a mining pool meeting the requirements of section 4(b)(2)(B) of the Mined in America Act of 2026.. (b) Clerical amendment The table of sections of part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before the item relating to section 140 the following new item: Sec. 139M. Bitcoin sales for strategic reserve..