1. Short title This Act may be cited as the Keep Innovation in America Act . 2. Clarification of definition of broker (a) In general Section 6045(c)(1)(D) of the Internal Revenue Code of 1986 is amended to read as follows: (D) any person who (for consideration) stands ready in the ordinary course of a trade or business to effect sales of digital assets at the direction of their customers. . (b) Effective date The amendment made by this section shall apply to returns required to be filed and statements required to be furnished after December 31, 2025. 3. Reporting of digital assets (a) Brokers (1) Definition of digital asset Section 6045(g)(3)(D) of the Internal Revenue Code of 1986 is amended to read as follows: (D) Digital asset The term digital asset means any digital representation of value which is recorded on a cryptographically secured distributed ledger. . (2) Applicable date Section 6045(g)(3)(C)(iii) of such Code is amended to read as follows: (iii) January 1, 2025, in the case of any specified security which is a digital asset, and . (b) Furnishing of information Section 6045A(d) of such Code is amended to read as follows: (d) Return requirement for certain transfers of digital assets not otherwise subject to reporting Any broker, with respect to any transfer (which is not part of a sale or exchange executed by such broker) during a calendar year of a covered security which is a digital asset from an account wholly controlled and maintained by such broker to an account which is not maintained by, or an address not associated with, a person that such broker knows or has reason to know is also a broker, shall make a return for such calendar year, in such form as determined by the Secretary, showing the information otherwise required to be furnished with respect to transfers subject to subsection (a). Information reported by brokers under this section shall be limited to customer information that is voluntarily provided by the customer and held by the broker for a legitimate business purpose. . (c)