With the approval of the United States Senate bill, the most of the political agenda of President Donald Trump, the last minute changes in the “Great Beautiful Law” did not include a proposal to clarify and alleviate cryptographic taxes.
Although Senator Cynthia Lummis had advocated changes in the United States approach to tax cryptocurrency transactions, including the resignation of taxes on capital gains in small-scale activity, it was not one of the amendments to the bill that approved by little 50-50 votes on Tuesday in which Vice President JD Vance had to intervene to break the tie.
The senators had worked during the night of discussing the amendment after the amendment, most of which failed, on their way to a republican success. But the Lummis amendment was not among them, despite the 11 -hour lobbying efforts of the digital asset industry.
His ideas towards what is characterized by rationalizing the fiscal system of the United States and eliminating unfair double taxes in certain cryptographic matters that return to their efforts towards independent legislation, for now. His office did not immediately respond to a request for comments on the situation.
Trump’s legislative package, which would review the US government spending dramatic that it is currently estimated to increase the budget deficit by more than $ 3 billion, is not an agreement made. Now he will face a vote of the House of Representatives on the changes of the Senate, which is expected to meet a vigorous debate there after the camera barely approved its previous version.
The leader of the majority of the Senate, John Thune, made comments of celebration after Tuesday’s approval, saying that the effort is to “extend the fiscal relief for the worker Americans” and rebuild the military, ensure the borders and “unleash” the energy sector of the United States. Now, he added: “I hope everyone will sleep.”
The Secretary of the Treasury, Scott Besent, issued a statement encouraging the Republicans in the Chamber to “act quickly so that we can comply with the promises of President Trump to boost the future of our economy and ensure that the United States remains the main world destination of capital and innovation.”
When the Senate approved the bill, Senator Elizabeth Warren, a democratic and vigorous criticism of the legislation, sent a letter to the leaders of the great US technology firms.
“You have spent millions with President Trump and the Republicans of the Congress, and now they seem ready to return the favor by giving you billions of dollars in tax exemptions, with US families that take into account the bill,” he wrote to the heads of companies such as Amazon, Meta and Apple. “His luxurious political expense seems to be paying fruits, and American everyday families will pay the price.”
Read more: the senator seeks to resign from US taxes on small -scale cryptographic activity in a large budget bill
