covered security
(3) Covered security For purposes of this subsection— (A) In general The term “covered security” means any specified security acquired on or after the applicable date if such security— (i) was acquired through a transaction in the account in which such security is held, or (ii) was transferred to such account from an account in which such security was a covered security, but only if the broker received a statement under section 6045A with respect to the transfer. (B) Specified security The term “specified security” means— (i) any share of stock in a corporation, (ii) any note, bond, debenture, or other evidence of indebtedness, (iii) any commodity, or contract or derivative with respect to such commodity, if the Secretary determines that adjusted basis reporting is appropriate for purposes of this subsection, (iv) any digital asset, and (v) any other financial instrument with respect to which the Secretary determines that adjusted basis reporting is appropriate for purposes of this subsection. (C) Applicable date The term “applicable date” means— (i) January 1, 2011 , in the case of any specified security which is stock in a corporation (other than any stock described in clause (ii)), (ii) January 1, 2012 , in the case of any stock for which an average basis method is permissible under section 1012, (iii) January 1, 2023 , in the case of any specified security which is a digital asset, and (iv) January 1, 2013 , or such later date determined by the Secretary in the case of any other specified security. (D) Digital asset Except as otherwise provided by the Secretary, the term “digital asset” means any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology as specified by the Secretary.