Trump's Budget Bill Passes Senate Without Crypto Tax Amendments

By: Eva Baxter

The recent passage of President Donald Trump's budget bill, formally known as the 'One Big Beautiful Bill Act', has stirred significant discourse, particularly among cryptocurrency advocates and lawmakers concerned with crypto taxation. The Senate engaged in an exhaustive vote-a-rama session, lasting over 17 hours, where numerous amendments were proposed. Despite the heated debates and multiple amendment suggestions from both sides, the bill eventually passed narrowly in the Senate with a 50-50 split, only moving forward through a tiebreaking vote by Vice President JD Vance.

Among the numerous proposals was an amendment from Wyoming Senator Cynthia Lummis, aimed at addressing what she referred to as the 'unfair tax treatment' of cryptocurrency miners and stakers. This proposed amendment sought to relieve double taxation pressures on these groups, recognizing the rapid adoption and value generation potential in the crypto space. However, despite these efforts and the broader push from crypto industry leaders to secure beneficial tax provisions for miners and retail users, these recommendations were ultimately not included in the final version of the bill.

The absence of crypto-related amendments in the passed bill highlights the ongoing complexities and contentious discussions surrounding crypto regulation and taxation in the United States. Many lawmakers and industry stakeholders continue to push for clearer, fairer tax laws that encourage innovation while ensuring compliance. The crypto community remains hopeful that future legislation will address these gaps and create a more favorable environment for growth and investment. For more insights into cryptocurrency regulations, readers can refer to established entities like [Coinbase](https://www.coinbase.com) and [Kraken](https://www.kraken.com).