Crypto Gets ZERO From Trump’s Massive Bill, But Here’s Why Bitcoin Just Won Big Anyway
The crypto community’s biggest legislative push in years delivered nothing specific for crypto. President Trump’s mammoth “One Big Beautiful Bill” – a $3.3 trillion tax and spending package that passed Congress this week...
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The crypto community’s biggest legislative push in years delivered nothing specific for crypto. President Trump’s mammoth “One Big Beautiful Bill” – a $3.3 trillion tax and spending package that passed Congress this week – contains absolutely zero provisions for digital assets, despite months of intense lobbying and last-minute amendment efforts that had crypto Twitter buzzing with excitement.
The Great Crypto Letdown
Senator Cynthia Lummis (R-WY), crypto’s biggest champion on Capitol Hill, had crafted what many called a “hail Mary” amendment package that would have revolutionized how Americans use and trade digital assets. The proposed changes were crypto-friendly enough to make Bitcoin maximalists weep with joy:
- No more coffee shop tax nightmares: Transactions under $300-$600 would have been exempt from capital gains reporting – meaning you could finally buy that latte with Bitcoin without tracking it for the IRS
- End the mining tax double-whammy: Miners and stakers would only pay taxes when they actually sell their crypto, not when they earn it
- Corporate crypto accounting relief: Companies like MicroStrategy could report their Bitcoin holdings with much more flexibility
Source: Senator Cynthia Lummis X
But when the final votes were tallied, crypto got completely shut out. Every single digital asset provision was stripped from the legislation to secure broader bipartisan support.
The Plot Twist: Bitcoin Might Win Anyway
Here’s where it gets interesting, while the Act contains nothing for crypto market analysts are nonetheless pointing to an unexpected silver lining buried in the bill’s massive spending spree.
The legislation adds a staggering $3.3 trillion to the national debt while delivering huge tax cuts – a combination that has inflation hawks circling like vultures. The U.S. Dollar Index is already having its worst year since 1973, and economists warn this could accelerate dollar devaluation. Translation? Bitcoin’s time to shine as the ultimate inflation hedge might be just beginning.
“This bill ensures that our fiat currency continues its death spiral,” said one crypto analyst who requested anonymity. “Sometimes the best thing for Bitcoin is when politicians completely ignore it.”
Lummis Refuses to Give Up
But Senator Lummis isn’t throwing in the towel. Within hours of the bill’s passage, she introduced a standalone cryptocurrency tax reform bill containing nearly identical provisions to her failed amendment. “We cannot allow outdated tax policies to stifle American innovation,” Lummis declared, promising to get the legislation “to the President’s desk” as a separate measure.
The senator’s new bill tackles the same issues that frustrated crypto users for years. From the absurdity of tracking every $5 transaction to the Byzantine tax treatment of DeFi activities that even accountants can’t figure out.
What Happens Next
The crypto industry now faces a harsh reality check. Despite having more political influence than ever before, they couldn’t get a single provision into the year’s biggest legislative vehicle.
But the failure might actually energize the movement. Crypto advocates are already regrouping around Lummis’s standalone bill, and the macroeconomic conditions created by the “Big Beautiful Bill” could provide the perfect backdrop for Bitcoin’s next major rally. The question now is whether crypto can turn this legislative defeat into a market victory, and whether Lummis can build enough momentum for round two. In the meantime, the market is looking towards the upcoming “Crypto Week” for more insights into the Trump administrations crypto priorities
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