On September 30, U.S. Senator Steve Daines (Republican) introduced the 'Digital Asset Tax Principles Act (ADAPT Act),' a comprehensive bill to overhaul the tax system for cryptocurrencies. Co-sponsors include Republican Senators Cynthia Lummis, Bernie Moreno, and Tim Scott. The bill aims to amend the Internal Revenue Code to make it easier to understand and implement for taxpayers, businesses, and the Internal Revenue Service (IRS)...