💰 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.

✔️ @venture