💰 ADAPT Act Targets Crypto Taxes
Senate Republicans introduced the ADAPT Act, which would take effect in 2027. Stablecoin payments would be tax-free when the coin stays within 3% of $1, and network fees under $10 per transaction would not be taxed.
Wash sale rules would apply to crypto, closing a tax-loss loophole. Mining and staking rewards would get clearer sourcing rules.
Foreign investors using a US broker would not be treated as doing business in the US. Crypto donations would no longer require a formal appraisal, matching stock donations.
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💰 ADAPT Act Targets Crypto Taxes Senate Republicans introduced the ADAPT Act, which would take effec
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