Congress quietly makes crypto tax shelter permanent, expands to digital assets
H.R. 7737 — SEEDS Act of 2026 · Filed by Young Kim (R-CA) · 2 cosponsors · Introduced Feb 26, 2026 · Referred to committee
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What it does
This bill amends the tax code to allow digital asset indexes (cryptocurrency-based investment bundles) to be held in Trump accounts—a tax-advantaged savings vehicle—and makes the Trump account program permanent by removing its 2029 sunset date. Currently, Trump accounts can hold only traditional investments like stocks and bonds; this bill adds crypto indexes as an eligible asset class and extends the program indefinitely.
Why we flagged it
The bill's operative mechanism is to expand a named tax-advantaged account (Trump accounts) to include digital asset indexes and remove its sunset provision. This is functionally a tax expenditure carve-out for cryptocurrency investors, not a broad public savings initiative.
What the text implies
- Removing the 2029 sunset converts a temporary pilot program into permanent law without requiring future congressional reauthorization, reducing oversight and fiscal discipline.
- Digital asset indexes are volatile and speculative; concentrating tax-advantaged savings in crypto may expose ordinary savers to losses while the tax benefit accrues primarily to higher-income investors.
The full analysis lists 4 implications of this text.
Who stands to gain
cryptocurrency exchanges and index providers; high-net-worth individuals with Trump accounts; digital asset fund managers