[U.S. Congress Advances the 'Digital Asset Taxation Certainty Act,' Proposes Voluntary Disclosure Program to Reduce Penalties] The U.S. Congress is advancing the 'Digital Asset Taxation Certainty Act,' which mandates the U.S. Treasury to establish a voluntary disclosure program for digital assets within 12 months of the act's enactment. This program would allow taxpayers to amend historical tax filings and reduce penalties. The act has passed the House Ways and Means Committee but still requires approval from both the House and Senate, as well as the President's signature. Taxpayers must submit amended filings within 24 months of the program's launch. Non-willful violators who report within the first 12 months can benefit from a penalty waiver for the first $25,000 of tax liabilities and a reduced penalty rate of 5% for amounts exceeding that threshold.