#Crypto Tax Reform Stalls as Senate Drops Amendment From Major Bill


Senator Cynthia Lummis's cryptocurrency tax provision has failed to secure inclusion in the Senate's reconciliation package.


The amendment targeted unfair tax treatment of digital assets through a $300 de minimis exclusion threshold.


The proposal included specific guidance for miners and #stakers on tax obligations within the digital asset ecosystem.


The Senate vote concluded 50-50, with Vice President JD Vance providing the deciding vote on the overall bill.


Lummis confirmed ongoing discussions with Senate Finance Committee leadership to advance the provision separately.


#Crypto advocacy groups had mobilized community support through lawmaker outreach campaigns ahead of the vote.


The reconciliation bill now moves to the House as President #Trump's Friday deadline approaches for legislative action.

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July 01, 2025 at 6:52 PM
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