Senate Introduces ADAPT Act to Overhaul Digital Asset Tax Regulations

A new bill called the ADAPT Act has been introduced to the Senate, aiming to clarify tax regulations for digital assets. The proposal was introduced by Sen. Steve Daines on September 30, 2026.

The bill targets stablecoin payments, small network fees, and wash-sale rules, among other provisions. It would provide tax relief for qualifying U.S. dollar stablecoin purchases and exempt network fees of $10 or less from being considered taxable events.

The ADAPT Act also extends crypto regulation to digital assets by setting specific tax and income-sourcing rules for staking and mining activities. Additionally, it sets laws for certain digital-asset lending transactions and allows mark-to-market accounting for eligible dealers and traders.