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Alexander Grieve, Vice President of Government Affairs at Paradigm, attributed the amendment’s failure to last-minute timing, while thanking key senators and expressing optimism that the effort can still succeed through other channels

Senator Cynthia Lummis pledged to continue advancing her crypto tax reform agenda in future legislative cycles through cooperation with Senate Finance Committee leaders, including Chairman Mike Crapo

Senator Cynthia Lummis’s crypto tax reform amendment was excluded from the Senate’s reconciliation bill after failing to receive a vote amid procedural delays

Senator Cynthia Lummis and industry leaders made lobbying efforts to include the crypto tax amendment, but the proposal was ultimately left out due to time constraints

Senator Cynthia Lummis intended to introduce an amendment in OBBB to end double taxation for miners and stakers and to establish a $300 de minimis exemption for small crypto transactions

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