The ADAPT Act, introduced by Senator Steve Daines, would exempt network fees under $10 and stablecoin payments trading within 3% of one dollar from capital gains tax. It also extends wash-sale rules to tokens and clarifies taxation for staking and mining rewards for 67 million Americans. Although Senate Finance Committee Chair Mike Crapo aims for a year-end completion, any enacted changes would not take effect until 2027.
Tuesday, October 20, 2026
Story
Crypto Ally Doubts Passage of ADAPT Act This Year
Crypto19 days ago
The leading congressional advocate for the cryptocurrency industry believes the proposed federal tax framework for digital assets is unlikely to be approved before the end of the 2026 session. This skepticism follows the formal introduction of a Republican-led bill, signaling a rift between the legislative goals of the crypto industry and the political reality facing the measure in the Senate.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.