
Senate tax bill frees stablecoin spending while Bitcoin stays on IRS forms
The ADAPT Act would make qualifying stablecoin purchases tax-neutral in 2027 while Bitcoin payments keep existing tax treatment.
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Seven Democratic switches plus Tillis would still leave the bill below 60, with ethics, stablecoins and House alignment unresolved.

The House package offers new safe harbors and compliance relief, but industry groups say lawmakers still need to address reward timing and small transactions.

Ripple says the setback does not alter XRP’s current regulatory footing, giving the token more legal certainty than much of the crypto market.

Routine transfers and cash exchanges could qualify, while return-right lending, crypto swaps and continuing custody remain potentially regulated.

The new legislation would extend wash sale rules to digital assets while easing taxes on stablecoins and small transaction fees.

Several Democrats who helped negotiate the crypto bill voted no, leaving Republicans short of the 60 votes needed to advance it.



