U.S. Senate Passes Major Bill Without Crypto Tax Amendments

According to Odaily, the U.S. Senate narrowly approved U.S. President Donald Trump's 'Beautiful Act' on Tuesday, but the bill did not include key tax amendments for cryptocurrency users, disappointing industry leaders. In the final hours of negotiations, pro-crypto lawmakers led by Senator Cynthia Lummis of Wyoming and industry policy leaders attempted to attach an amendment offering various tax benefits related to cryptocurrency. These benefits were aimed at crypto miners, stakers, businesses holding significant digital assets, and regular users. However, time ran out, and the amendment was not considered by the Senate. A crypto policy leader described the outcome as a 'missed opportunity,' stating that they 'simply ran out of time.'