Senator Steve Daines has introduced the ADAPT Act, legislation proposing tax relief for qualifying stablecoin purchases and eligible cryptocurrency transaction fees of $10 or less. The bill aims to reduce the tax burden on everyday digital asset usage by exempting minor transactions from capital gains reporting requirements. The proposed legislation also extends wash-sale rules to traded tokens, restricting investors' ability to claim tax losses through immediate repurchases. This provision would align crypto tax treatment with existing securities regulations, potentially limiting a common tax-loss harvesting strategy currently utilized by digital asset traders.