Senator Steve Daines introduced the Aligning Digital Assets with Principles of Taxation (ADAPT) Act on September 30. The bill proposes that eligible dollar-stablecoin purchases of goods and services be treated as no-gain/no-loss events, exempting them from capital gains tax reporting without a stated value cap. Meanwhile, ordinary Bitcoin spending will still require disposition reporting. However, a carve-out is included for digital asset transaction costs of $10 or less, which would also escape gain-or-loss recognition. These provisions are set to take effect on January 1, 2027. Senators Cynthia Lummis, Bernie Moreno, and Tim Scott are cosponsors of the bill.