According to @FoxNews, the U.S. Senate has passed a major budget bill without including a key cryptocurrency tax amendment proposed by Senator Cynthia Lummis. The proposed changes aimed to provide significant tax relief for crypto users by waiving capital gains taxes on transactions under $300 and altering the tax treatment of staking and mining rewards. The amendment would have taxed these rewards only upon their sale, rather than upon acquisition and again at sale, which the industry views as double taxation. As the provision was not included, the current U.S. tax rules remain in place, meaning small transactions are still subject to capital gains reporting, and staking and mining rewards continue to be taxed as income upon receipt. This legislative outcome maintains the existing tax compliance burdens for traders, stakers, and miners in the United States. The overall bill, which now heads to the House of Representatives, passed the Senate on a narrow 50-50 vote.