Republican Senator Steve Daines introduced the ADAPT Act to clarify tax rules for digital assets including stablecoins, network fees, and staking. The bill would provide tax relief for everyday stablecoin transactions and extend wash sale rules to cryptocurrency for the first time.
The UK's Financial Conduct Authority has opened applications for cryptocurrency companies to become authorized under a new regulatory regime taking effect in October 2027, marking the first time the sector comes under full FCA oversight. The move aims to provide consumer protections and regulatory clarity as Britain implements sweeping crypto legislation, though the UK lags behind the EU and US in establishing digital asset frameworks.