U.S. Senator Steve Daines has introduced a 56-page bill titled the Digital Asset Tax Alignment Act. According to Odaily, the measure would establish tax rules for stablecoin payments, network fees, staking, and lending, and extend wash sale and constructive sale rules to digital assets.

The bill says purchases of goods and services made with compliant U.S. dollar stablecoins would generally not require recognition of gains or losses. It also would exempt qualifying consumer transactions from broker information reporting requirements, while traders and market makers would not qualify for that exemption. The proposal would further exempt digital asset gains and losses tied to network, transaction, or gas fees of $10 or less. Most provisions would apply to tax years or transactions after December 31, 2026.