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

Bitcoin Magazine

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.

JUST IN: Vice President JD Vance breaks tie to pass President Trump's "Big Beautiful Bill" pic.twitter.com/u3GhRXsg4z

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 minimis 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.

Call your Senators. Let ‘em know this matters to you! https://t.co/aQsSiOxLZs

Leaders in the Bitcoin and crypto industry also spoke up about the importance of this amendment being added to the bill.

BTC Inc. Chairman David Bailey shared on X that “the de minimus transaction exemption is the #1 request from the grassroots bitcoin and crypto community and anyone who stands against it is directly screwing over the 50m Americans that own bitcoin and crypto.”

Gemini co-founder Tyler Winklevoss stated on X that “Passing the de minus transaction exemption for bitcoin and crypto transactions