Congress’ Budget Bill Advances From Senate Without Crypto Tax Provision
With the U.S. Senate’s passage of the bill meant to carry forward the bulk of President Donald Trump’s policy agenda, last-minute changes to the “One Big Beautiful Bill” didn’t include a proposal to clarify and ease crypto taxation.
Though Senator Cynthia Lummis had advocated changes to the U.S. approach to taxing cryptocurrency transactions, including waiving capital-gains taxes on small-scale activity, it wasn’t among the amendments to the bill that narrowly passed on a 50-50 vote on Tuesday in which Vice President J.D. Vance had to step in to break the tie.
Senators had worked through the night debating amendment after amendment, most of which failed, on their way toward a Republican success. But Lummis’ amendment wasn’t among them,…
