Senator Steve Daines introduced the ADAPT Act, a 56-page bill that exempts stablecoin payments from capital gains tax, extends wash sale rules to digital assets, and clarifies tax treatment for network fees, staking, and lending. The legislation aims to provide clearer tax rules for cryptocurrency transactions while preventing loss harvesting and generally takes effect after December 31, 2026.
The Netherlands is considering a Box 3 tax bill that would tax actual annual returns on investments, including unrealized cryptocurrency gains held in personal wallets or exchanges. The proposal has passed the House of Representatives and awaits Senate review, with potential adjustments before the 2028 implementation date.