Republicans just dropped a new crypto tax bill in the Senate — ADAPT Act could flip the game for everyday crypto usage.
Right now, paying for coffee with a stablecoin that moves 0.01% technically triggers a taxable event. Absolute nightmare for adoption.
What changes:
• Stablecoin payments tax-exempt if they stay within 3% of $1
• Network fees up to $10 per tx exempt
• Clear rules for mining and staking taxation
• Foreign investors using US brokers won't be treated as doing US business
• Crypto donations to charity = same as stock donations, no formal appraisal needed
The catch traders won't love:
Wash sale rule coming to crypto. Currently you can sell at a loss, rebuy instantly, and harvest that tax loss. New rule = 30-day wait to rebuy, just like stocks. December 2026 would be the last window to use the old strategy if this passes.
Backed by senators Steve Daines, Tim Scott, Cynthia Lummis, and Bernie Moreno.
If passed, goes live 2027. First GENIUS Act, now this. US is building the rails for crypto to function as actual money.
Right now, paying for coffee with a stablecoin that moves 0.01% technically triggers a taxable event. Absolute nightmare for adoption.
What changes:
• Stablecoin payments tax-exempt if they stay within 3% of $1
• Network fees up to $10 per tx exempt
• Clear rules for mining and staking taxation
• Foreign investors using US brokers won't be treated as doing US business
• Crypto donations to charity = same as stock donations, no formal appraisal needed
The catch traders won't love:
Wash sale rule coming to crypto. Currently you can sell at a loss, rebuy instantly, and harvest that tax loss. New rule = 30-day wait to rebuy, just like stocks. December 2026 would be the last window to use the old strategy if this passes.
Backed by senators Steve Daines, Tim Scott, Cynthia Lummis, and Bernie Moreno.
If passed, goes live 2027. First GENIUS Act, now this. US is building the rails for crypto to function as actual money.
