Daines introduces ADAPT Act crypto tax bill as CLARITY Act stalls
- —ADAPT Act filed October 22 by Daines, Lummis, Moreno and Scott
- —Proposal exempts qualifying fees up to $10 and small stablecoin payments from gain tracking
- —House Ways and Means advanced H.R. 10357 38–5; no full House vote yet
- —CLARITY Act cloture vote was 49–50, below the 60-vote threshold
Why it matters: Tax relief won't substitute for CLARITY's SEC/CFTC market framework, leaving oversight unresolved.
Source: crypto.news
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