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Exclusive: Crypto Tax Proposal Snubbed by Trump’s Budget Bill Now Goes Solo

Exclusive: Crypto Tax Proposal Snubbed by Trump’s Budget Bill Now Goes Solo

Author:
Coindesk
Published:
2025-07-03 16:04:30
14
2

Crypto Tax Proposal That Didn't Make it to Trump's Budget Bill Pushed on Its Own

Washington's latest crypto showdown just took a sharp turn. The tax provision that got left out of Trump's budget bill isn't going quietly—it's charging ahead as standalone legislation.

Backroom Battles Become Frontline Fight

Insiders whisper this move reeks of desperation—or brilliant strategy. Either way, it proves crypto policy won't stay buried in omnibus packages anymore.

The Numbers Don't Lie (But Politicians Do)

No official estimates yet on how much this would rake in, but last year's similar proposal targeted $28B. Typical Washington math—always count the revenue before the bill passes.

Regulators Scramble as Industry Circles

SEC chair's recent "all crypto is securities" rant looks even more tone-deaf now. Meanwhile, crypto lobbyists are already drafting amendments—nothing unites factions like a common tax enemy.

Finance's Old Guard Gets a Wakeup Call

Banking committees thought they'd sidelined this debate until 2026. Joke's on them—in crypto years, that might as well be three lifetimes. The revolution won't be taxed... until it absolutely has to be.

|Square

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