The One Big Beautiful Act Passes In The U.S. Senate — Without Bitcoin Tax Amendment

Today, the One Big Beautiful Act passed in the U.S. Senate with a 51-50 vote, the final vote having been cast by Vice President Vance.

After a marathon amendment session, the bill passed without any Bitcoin- or crypto-related amendments included in it.

Senator Cynthia Lummis (R-WY) pushed for a vote on an amendment to the bill that would have provided for a de minimus capital gains exemption on crypto transactions of $300 or less, with a $5,000 yearly cap.

The senator urged Bitcoin and crypto enthusiasts to call their senators to let them know that this issue was important to them.

Leaders in the Bitcoin and crypto industry also spoke up about the importance of…

Read more on BitcoinMagazine

103.3K Reads