Crypto tax amendment dropped from Senate's 'Big, Beautiful Bill,' but Sen. Lummis plans to keep pushing

Description

Senator Cynthia Lummis’s proposed crypto tax fix was dropped from the Senate’s sweeping reconciliation bill, but she remains committed to advancing the measure. As the bill moves to the House, time is running out before Trump’s Friday deadline.

Authors

Sarah Wynn

Publish date

July 1, 2025

Publisher

The Block

Web URL

https://www.theblock.co/post/360600/crypto-tax-amendment-dropped-from-senates-big-beautiful-bill-but-sen-lummis-plans-to-keep-pushing

Referenced by

Sen. Lummis' crypto tax amendment fails to make it into OBBB

Crypto news

News story

A huge thank you to @SenLummis for championing it, and @MikeCrapo, @SenatorTimScott, & @LeaderJohnThune for trying to make it happen. And to everyone in the community who made calls yest. We’ll get it done another way.

Crypto news

Quote

The amendment, proposed by Sen. Cynthia Lummis, R-Wyo., would have targeted "unfair tax treatment" of digital assets. During a long voting process on a variety of amendments to the bill, Lummis' amendment was not included and did not receive a vote.

Crypto news

Quote