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’One Big Beautiful Bill’ Passes Senate, Crypto Tax Relief Excluded
’One Big Beautiful Bill’ Passes Senate, Crypto Tax Relief Excluded
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BTCCSquare news:
The Senate narrowly approved the Trump-backed 'One Big Beautiful Bill Act' after Vice President JD Vance broke a 50-50 deadlock. The legislation extends 2017 tax cuts but notably excludes provisions for cryptocurrency miners and stakers, leaving the sector in regulatory limbo.
Despite fierce bipartisan debate over $930 billion in social program cuts and AI policy gaps, the bill advanced after a marathon session. It now faces an uncertain future in the House where Republican divisions could derail passage.
The crypto industry's absence from tax relief measures contrasts with the bill's generous treatment of traditional financial sectors. Market participants had hoped for clarity on digital asset taxation following recent IRS guidance.
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