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Senate Passes Trump’s Reconciliation Bill Without Crypto Tax Provisions
Senate Passes Trump’s Reconciliation Bill Without Crypto Tax Provisions
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BTCCSquare news:
The U.S. Senate narrowly approved President Trump's sweeping reconciliation bill, omitting anticipated tax exemptions for cryptocurrency stakeholders. A last-minute push by Senator Cynthia Lummis (R-WY) to include benefits for miners, stakers, and businesses holding digital assets failed to materialize before the legislative deadline.
Industry advocates cited timing constraints as the primary obstacle. The proposed amendments, which had been in development until days before the vote, sought to address long-standing tax hurdles for crypto adoption. Market participants now face continued uncertainty regarding regulatory treatment of digital asset transactions.
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