Senate Approves Trump’s Tax and Spending Bill Without Crypto Amendments

Donald Trump’s “One Big Beautiful Bill” passed the Senate on July 2, 2025, without crypto amendments introduced by Senator Cynthia Lummis.

Lummis aimed to revise crypto tax regulations, but her amendments were excluded. The passage creates ongoing uncertainty in crypto tax clarity.

Trump’s Bill Passes Sans Crypto Amendments

The Senate advanced Donald Trump’s flagship bill after Vice President J.D. Vance’s vote. Despite reviewing hundreds of amendments, including crypto, the final version excluded proposed changes for digital assets.

Senator Cynthia Lummis introduced provisions to alter crypto taxation rules, aiming to ease transactions under $300 and limit double taxation, but these did not remain in the passed bill.

Crypto Industry Faces Continued Tax Ambiguities

The exclusion leaves the crypto industry without immediate tax relief, maintaining operational ambiguity. This outcome particularly affects miners, stakers, and small-scale traders seeking tax exemptions.

The bill’s passage without crypto amendments, despite extensive Senate debate, highlights ongoing legislative challenges in integrating digital assets into federal tax systems.

“For years, miners and stakers have been taxed TWICE. Once when they receive block rewards, and again when they sell it.” – Cynthia Lummis, U.S. Senator

Ongoing Regulatory Debates in Crypto Taxation

Past bills like the Infrastructure Bill 2021 also grappled with unclear crypto taxation, sparking industry concern. Lummis’s efforts resemble prior attempts to achieve regulatory clarity.

With ongoing debates in the House, future discussions around the GENIUS Act and other proposals will continue to influence the crypto market’s regulatory environment.