Senate Don Pass Budget Bill Wey No Get Crypto Tax Clause, Lummis Go Try Find New Law
US Senate don pass one big budget bill for President Trump dem plan but e no include the important crypto tax part. Senator Cynthia Lummis bin propose say make small cryptocurrency transactions no get capital gains tax. Her amendment wey want stop double tax on block rewards and asset sales fail for one 50-50 tie wey Vice President J.D. Vance settle. Crypto industry people try strong to make crypto tax rules clear but their effort jam brake. The “One Big Beautiful Bill” don carry go House now as dem dey discuss the big $3 trillion deficit wahala. Senate Majority Leader John Thune talk say the package na tax relief while Treasury Secretary Scott Bessent dey urge make dem approve am fast. Critics like Senator Elizabeth Warren talk say the bill favor big tech pass normal families. Without the crypto tax part, traders still dey face wahala to know their standing, and Bitcoin (BTC) dey around $107,200, e don rise 2% this week but still 4% down from im all-time high. Senator Lummis promise say she go push independent law to solve crypto tax matter.
Neutral
If dem remove crypto tax provision, e go make tax matter remain di same wey pass till now wit heavy tax wahala and regulatory confusion. For short time, traders fit see say market no move much because no big tax relief come through. Bitcoin price fit just stay steady as pesin dem dey careful. For long run, Senator Lummis plan for separate law fit bring clear tax matter for future but e still never sure. Overall, since no immediate policy change, e mean market movement go remain neutral.