Senate Greenlights Budget Bill—Crypto Tax Provision Left on the Cutting Room Floor

Washington just sidestepped a crypto tax showdown—for now.

No IRS Hand in Your Cold Wallet

The Senate's latest budget bill sailed through without the controversial crypto tax provision that had traders sweating. No last-minute amendments, no backdoor surveillance clauses—just clean passage for the $1.2 trillion package.

Regulators Left Empty-Handed

Broker reporting requirements? Gone. DeFi surveillance? Nowhere in sight. Looks like even Congress realized you can't tax what you don't understand—though we give them 6 months before they try again with a 'revised' proposal.

The Aftermath

Capitol Hill's latest non-move keeps the status quo: your ledger stays your business, and Uncle Sam keeps guessing. Of course, this being Washington, they'll probably just slap the provision onto next quarter's 'urgent' defense spending bill instead. Because nothing says 'national security' like tracking your shitcoin gambles.