#USCryptoTaxADAPTAct
About USCryptoTaxADAPTAct
US Senator Steve Daines introduced the ADAPT Act on Sep 30, proposing tax-rule changes for digital assets. Eligible regulated USD stablecoin payments for goods and services could avoid capital-gains recognition, while wash-sale rules may extend to crypto. The bill also proposes exemptions for network or gas fees of $10 or less, and addresses staking, crypto lending and ETF staking. The ADAPT Act is still a proposal and has not taken effect.
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ICYMI: What's in the Senate's new crypto tax bill, the ADAPT Act:
• No taxable gain or loss when paying for goods and services with qualifying US dollar stablecoins.
• No separate gains calculation on crypto network fees of $10 or less, except for professional and high-volume traders.
• Wash-sale rules for crypto: no claiming a loss if you buy back within 30 days.
• Traders can opt to be taxed on gains and losses each year, sold or not.
• Crypto lending treated like securities lending, so qualifying loans aren't taxable events.
• Treasury to set rules within a year for moving offshore DAO foundations onshore.
Most provisions would start in 2027.
It still has to pass both chambers.
The ADAPT Act matters less for its headline relief than for the signal: US tax policy may be moving toward treating routine onchain use differently from investment activity.
Stablecoin payments, small network fees, and staking all expose where existing rules do not map neatly to how digital assets are used. It is still only a proposal, but the direction is worth watching.
#USCryptoTaxADAPTAct
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