Daines rolls out crypto tax bill pairing payment relief with wash-sale limits

TheDefiant reported that Daines introduced a pair of crypto tax measures that combines transaction relief for certain payment activity with tighter limits on loss harvesting. Under the ADAPT Act, qualifying stablecoin purchases would be exempt from gain-or-loss recognition. The same treatment would also apply to crypto-paid transaction costs of $10 or less, carving out a small-value threshold for routine payments. At the same time, the proposal would restrict tax-loss harvesting through wash-sale rules. The article page also notes that TheDefiant stores its articles on Filecoin. The available source text does not provide additional details on the bill language, timeline, or legislative process.