Senator Cynthia Lummis’s crypto tax amendment to the Senate reconciliation bill faced resistance from anti-crypto lawmakers and was deprioritised amid competing political agendas and a crowded amendment process

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Prominent crypto advocates like Elon Musk staunchly oppose it, for one thing. Much like Lummis, several anti-crypto Senators are hoping to pass their own amendments at the last minute.

In other words, Senator Lummis can’t make the bill uniformly pro-crypto with a single amendment. Furthermore, even if Trump supports her effort, he has many other priorities.

the Big Beautiful Bill is becoming a convoluted mess. As the name suggests, it covers a huge range of topics, including tax policy, social issues, AI regulations, and more.