Short title; etc

(a) Short title This Act may be cited as the Aligning Digital Assets with Principles of Taxation Act or the ADAPT Act. (b) Table of contents The table of contents of this Act is as follows: Sec. 1. Short title; etc. Sec. 2. Nonrecognition of gain or loss on certain sales, exchanges, or dispositions of stablecoins. Sec. 3. Mark to market election. Sec. 4. Source rules for digital asset validation activities. Sec. 5. Certain trading in digital assets not treated as a trade or business within the United States. Sec. 6. Transfer of digital assets under certain agreements. Sec. 7. Application of wash sale rules to digital assets. Sec. 8. Treatment of trusts and publicly traded partnerships holding digital assets. Sec. 9. Application of constructive sale rules to digital assets. Sec. 10. Charitable contributions of widely traded digital assets. Sec. 11. Treatment of de minimis digital asset network fees. Sec. 12. Treatment of income from qualified digital asset validation activity by tax-exempt entities. Sec. 13. Application of registration-required obligation rules. Sec. 14. Treatment of certain foreign entities established in connection with decentralized autonomous organizations. Sec. 15. Definitions.