S. 5616 · Where this bill is now
In committee
Introduced in the Senate, Sep 30, 2026
119th Congress
2nd SessionS. 5616
2nd SessionS. 5616
A BILL
ADAPT Act
In the SenateNo vote yet
Sponsor: Sen. Steve Daines (R-MT) · Introduced Sep 30, 2026 · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Sep 30, 2026: “Read twice and referred to the Committee on Finance.”
Sections
Sections · 15
- Sec. 1Short title; etcNo change
- Sec. 2Nonrecognition of gain or loss on certain sales, exchanges, or dispositions of stablecoinsNo change
- Sec. 3Mark to market electionNo change
- Sec. 4Source rules for digital asset validation activitiesNo change
- Sec. 5Certain trading in digital assets not treated as a trade or business within the United StatesNo change
- Sec. 6Transfer of digital assets under certain agreementsNo change
- Sec. 7Application of wash sale rules to digital assetsNo change
- Sec. 8Treatment of trusts and publicly traded partnerships holding digital assetsNo change
- Sec. 9Application of constructive sale rules to digital assetsNo change
- Sec. 10Charitable contributions of widely traded digital assetsNo change
- Sec. 11Treatment of de minimis digital asset network feesNo change
- Sec. 12Treatment of income from qualified digital asset validation activity by tax-exempt entitiesNo change
- Sec. 13Application of registration-required obligation rulesNo change
- Sec. 14Treatment of certain foreign entities established in connection with decentralized autonomous organizationsNo change
- Sec. 15DefinitionsNo change