Bipartisan Bill Advances

The most likely constructive path is that the ADAPT Act becomes the Senate Republican vehicle for negotiating with Democrats and the House panel’s bipartisan crypto tax bill. Lawmakers focus on narrowing broker definitions, delaying certain decentralized-finance reporting obligations, and creating workable tax rules for staking, mining, and small transactions.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.