According to @StockMKTNewz, the U.S. Senate has advanced a major budget bill without including Senator Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. This development occurred as Bitcoin (BTC) received a boost from President Trump's comments on social media, where he suggested massive economic growth would offset deficits from his proposed tax cuts. Crypto analyst Will Clemente reacted by questioning the value of holding long-term U.S. Treasuries, suggesting Trump's loose fiscal policy stance strengthens the bull case for inflation hedges like Bitcoin and gold. From a technical standpoint, BTC traded between $107,194 and $108,489, establishing support at $107,300 and showing upward momentum confirmed by a volume spike.

According to @GOPMajorityWhip, a key crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The provision aimed to waive capital gains taxes on small-scale crypto transactions. In a separate development crucial for digital asset markets, Senator Tim Scott, Chairman of the Senate Banking Committee, announced a new target date of September 30 for completing the crypto market structure legislation. This timeline is later than the White House's preference but earlier than previous year-end estimates. However, progress on both the market structure and stablecoin bills may face delays due to the need for coordination between the House and Senate, as well as between different Senate committees. This regulatory uncertainty unfolds as Ethereum (ETH) shows volatility, trading around $2,516 after a daily decline of approximately 2.4%, according to market data.

According to @FoxNews, the U.S. Senate has advanced a major budget bill without including a crypto tax provision from Senator Cynthia Lummis, which would have waived capital gains taxes on small-scale digital asset transactions. This legislative setback shifts the industry's focus to the proposed GENIUS Act, a bill aimed at regulating stablecoins to maintain the U.S. dollar's global dominance and provide clarity for the over $190 billion stablecoin market. Amidst these regulatory developments, the price of Ethereum (ETH) has declined, with ETHUSDT trading at approximately $2522.47, a 24-hour drop of over 2.3%, and ETHUSD at $2521.17, down 1.83%, indicating bearish sentiment in the market.

According to @WhiteHouse, the U.S. Senate has advanced a major budget bill without including a crypto tax provision championed by Senator Cynthia Lummis, which would have waived capital gains taxes on small-scale transactions. While this specific tax relief effort is stalled for now, significant bipartisan progress on a comprehensive digital asset framework is occurring in the House of Representatives. Lawmakers there have advanced key legislation, including the FIT21 Act, the STABLE Act, and the CLARITY Act, which aim to establish clear regulatory jurisdictions for the SEC and CFTC, regulate stablecoins, and create a functional framework for digital assets to foster innovation. This legislative push seeks to provide the regulatory certainty that the industry has been lacking. Amid these developments, the crypto market shows some volatility, with Ethereum (ETH) trading at approximately $2,516 against USDT, marking a 24-hour decline of over 2.3%.

According to the White House, a key U.S. Senate committee has set an aggressive September 30 deadline to finalize a comprehensive crypto market structure bill. Senate Banking Committee Chairman Tim Scott confirmed this new timeline to a White House crypto adviser, indicating a strong push for regulatory clarity. This development comes after the Senate passed a major budget bill that, despite lobbying efforts, did not include Senator Cynthia Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. The push for a market structure framework is coupled with calls for the House to quickly approve the Senate-passed GENIUS Act for stablecoins. This mixed regulatory news occurs as Ethereum (ETH) shows bearish sentiment, with its price falling over 4% to around $2,486 according to market data.

According to Fox News, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment to ease cryptocurrency taxation, which would have waived capital gains taxes on small-scale transactions. For traders, this means the current tax complexities remain in place for now. In a separate development, President Donald Trump reiterated his pro-crypto stance at a Coinbase summit, promising his administration will work toward 'clear and simple market frameworks' and referencing the GENIUS Act to support stablecoins. Despite these supportive comments, the market saw a slight downturn, with Bitcoin (BTC) trading around $108,700, down approximately 0.5%, and Ethereum (ETH) falling over 1.2% to about $2,552. The legislative inaction on taxes presents a short-term headwind, while Trump's vocal support offers a potential long-term positive catalyst for the digital asset market.

According to @rovercrc, Bitcoin (BTC) is gaining a bullish case as an inflation hedge following President Trump's social media post suggesting future economic growth will offset current deficit spending. Crypto analyst Will Clemente noted this loose fiscal policy stance makes assets like Bitcoin and gold more attractive than long-term U.S. Treasuries, as cited in the source. This sentiment comes as BTC traded around $107,937, with technical analysis indicating support at $107,300. However, a significant development for the crypto industry was the U.S. Senate passing its major budget bill without including Senator Cynthia Lummis's proposed crypto tax provision, which aimed to ease capital gains taxes on small transactions. The bill, projected to increase the national deficit by over $3 trillion, now proceeds to the House without this crypto-friendly amendment.

According to @rovercrc, the U.S. Senate has advanced a major budget bill without including Senator Cynthia Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. This development means the crypto tax relief proposal must now be pursued as standalone legislation. In a separate key development for crypto regulation, Senate Banking Committee Chairman Tim Scott announced a new target deadline of September 30 to finalize the comprehensive crypto market structure bill. While this timeline is later than the White House's preference, it provides traders with a more concrete schedule for potential regulatory clarity in the U.S. market. However, potential delays could arise from the need to reconcile the Senate's stablecoin bill with the House's version and secure necessary input from the Senate Agriculture Committee.

According to @FoxNews, the U.S. Senate has passed a major budget bill without including a crypto-friendly tax provision championed by Senator Cynthia Lummis. The proposed amendment, which failed to make it into the final bill, would have waived capital gains taxes on small-scale cryptocurrency transactions. This legislative outcome is a setback for crypto lobbyists, although Senator Lummis may pursue the measure as standalone legislation. In contrast to the legislative news, President Donald Trump reiterated his pro-crypto stance in a recorded message at a Coinbase summit, promising his administration will work toward "clear and simple market frameworks" for the digital asset industry. Trump also referenced the GENIUS Act for stablecoins and his plan for a U.S. Strategic Bitcoin Reserve. From a market perspective, recent data shows Bitcoin (BTC) trading around $108,662 and Ethereum (ETH) near $2,541, with both assets experiencing minor declines.

According to @BillGates, a significant cryptocurrency tax amendment proposed by U.S. Senator Cynthia Lummis failed to be included in the major budget bill passed by the Senate. The proposal sought to waive capital gains taxes on crypto transactions under $300 and change the tax treatment for staking and mining rewards to be taxed only upon sale, not acquisition, as argued by lobbying groups like the Digital Chamber. Despite industry support, the amendment was not adopted. Following this legislative development, the crypto market showed signs of weakness. Market data indicates that Ethereum (ETH) fell, with the ETHUSDT pair dropping -0.869%. Similarly, Cardano (ADA) saw its ADAUSDT pair decrease by -2.637%, and Solana (SOL) experienced a -1.249% drop in its SOLUSDT pair over the last 24 hours.

According to @KobeissiLetter, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment to ease cryptocurrency taxation, a setback for the industry. However, the market's focus shifted following a statement from President Donald Trump suggesting that robust economic growth would offset the bill's projected deficits. Crypto analyst Will Clemente reacted by questioning the value of holding long-term U.S. Treasuries and highlighting the bullish case for holding Bitcoin (BTC) and gold as hedges against loose fiscal policy and potential currency debasement. In the wake of these developments, Bitcoin (BTC) traded up to approximately $107,937, with technical analysis from the source indicating support was established near $107,300.

According to @KobeissiLetter, Bitcoin (BTC) is finding support as macroeconomic factors boost its appeal as an inflation hedge. The U.S. Senate passed a major budget bill without Senator Lummis's proposed pro-crypto tax amendments, which would have eased capital gains taxes on small transactions. Simultaneously, President Trump's comments on Truth Social, suggesting massive economic growth will offset deficits from a proposed $3.8 trillion tax cut, have fueled market concerns about fiscal policy. The source highlights crypto analyst Will Clemente's reaction, who suggested this policy undermines long-term U.S. Treasuries and strengthens the bull case for holding Bitcoin and gold. From a technical perspective, BTC traded around $107,937, establishing a key support level at $107,300 after fluctuating within a 1.21% intraday range between $107,194 and $108,489.

According to @WhiteHouse, President Trump's recent social media posts suggesting massive economic growth will offset deficits from his proposed $3.8 trillion tax cut package are boosting the case for Bitcoin (BTC) as an inflation hedge. The source material highlights analyst Will Clemente's view that such loose fiscal policy makes U.S. Treasuries less attractive while strengthening the appeal of hard assets like Bitcoin and gold to protect against potential currency debasement. Following the news, BTC has been volatile, with the BTC/USDT pair trading around $109,400. In a separate but related development, the U.S. Senate passed the major budget bill without including a crypto-friendly tax provision championed by Senator Cynthia Lummis, which would have waived capital gains taxes on small crypto transactions. The bill now heads to the House for further debate.

According to @FoxNews, U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, has set a new deadline of September 30 for completing the crypto market structure legislation. This timeline was reportedly endorsed by a White House crypto adviser but faces potential delays from the House of Representatives due to disagreements over a separate stablecoin bill. In a significant development for traders and investors, a separate effort by Senator Cynthia Lummis to include a crypto tax provision in a major budget bill has failed. The proposed amendment, which would have waived capital gains taxes on small-scale crypto transactions, was not included in the bill passed by the Senate. This setback means that any crypto tax reforms must now be pursued through standalone legislation, leaving the current tax rules in place for the foreseeable future. The provided market data shows ETH trading at $2600.18, a 24-hour increase of 6.22%, indicating market resilience amidst the legislative uncertainty.

According to @FoxNews, a significant crypto tax amendment proposed by U.S. Senator Cynthia Lummis was not included in the major budget bill that recently passed the Senate. The proposed measure sought to simplify tax obligations for crypto users by waiving capital gains taxes on transactions below $300, with an annual cap of $5,000. For traders and investors involved in staking and mining, the amendment aimed to resolve what the industry calls unfair double taxation by taxing rewards only when they are sold, rather than upon acquisition and again at the point of sale. The proposal also intended to address crypto lending, charitable contributions, and the wash sale loophole which currently allows for tax-loss harvesting. Despite lobbying efforts from the crypto industry, the amendment failed to make it into the final bill, meaning the current tax rules, including the complex reporting for small transactions and the tax treatment of staking and mining rewards, remain in place for now. The broader budget bill now moves to the House of Representatives for another vote.

According to @WhiteHouse, the U.S. Senate has advanced a major budget bill without including a crypto-friendly tax provision proposed by Senator Cynthia Lummis, which aimed to waive capital gains taxes on small-scale digital asset transactions. While this specific tax relief effort stalls, significant progress is being made on a broader regulatory framework. The source highlights the bipartisan House passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act, which aims to clarify the jurisdictions of the SEC and CFTC. Furthermore, the STABLE Act for payment stablecoins and the CLARITY Act for digital asset classification have both advanced from House committees, forming what is described as the most comprehensive digital asset framework Congress has ever considered. Amid these regulatory developments, Ethereum (ETH) has demonstrated strong positive momentum, with its price surging over 6% in the last 24 hours to approximately $2,600, as seen in the ETHUSDT trading pair, which reached a high of $2,615.26.

According to @WhiteHouse, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment for crypto-friendly tax reforms. The amendment aimed to provide significant relief for crypto users by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards. The proposed change would have taxed these rewards only upon their sale, rather than at the time of acquisition, addressing a key issue of double taxation for the industry. Despite lobbying efforts, the amendment was not included in the bill, which passed on a narrow 50-50 vote and now moves to the House of Representatives for further debate. This legislative setback for U.S. crypto tax clarity comes as the market shows bullish momentum, with Ethereum (ETH) trading around $2,600 (a 6% increase), Cardano (ADA) near $0.60 (an 8.5% increase), and Solana (SOL) at approximately $155 (a 4% increase) in the last 24 hours, based on provided data.

According to @FoxNews, a significant crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The proposed changes would have been highly beneficial for crypto traders and investors by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards. Under the proposal, rewards from staking, mining, airdrops, and forks would only be taxed upon sale, rather than upon both acquisition and sale as under current law. The failure of this amendment to be included means that the current, more burdensome tax regulations remain in place for now, a key consideration for traders calculating profits and for individuals participating in staking. The broader budget bill now moves to the House of Representatives for another vote, but this specific pro-crypto tax measure has suffered a major setback.

According to @FoxNews, a significant cryptocurrency tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The proposed changes aimed to rationalize the tax system for digital assets by taxing staking and mining rewards only upon their sale, rather than at acquisition, to avoid what the industry calls unfair double taxation. The amendment also sought to create a tax waiver for small crypto transactions under $300, with a yearly cap of $5,000, to encourage wider adoption by simplifying tax reporting for casual users. The failure of this amendment to advance is a setback for the crypto industry's lobbying efforts for clearer regulations. As this legislative news unfolded, market data indicated minor price pullbacks for major cryptocurrencies, with Ethereum (ETH) trading around $2,440, Solana (SOL) near $148.96, and Cardano (ADA) at approximately $0.5548.

According to @WhiteHouse, a significant legislative effort to ease cryptocurrency taxation in the U.S. has hit a roadblock, as Senator Cynthia Lummis's amendment was not included in the major budget bill passed by the Senate. The proposed changes would have waived capital gains taxes on crypto transactions under $300 and altered the tax treatment of staking and mining rewards to be taxed only upon sale, a move highly anticipated by the industry to reduce perceived double taxation. The failure of this amendment means the current, more complex tax rules remain in effect, potentially impacting trader and investor sentiment. This legislative setback occurs as major cryptocurrencies show negative 24-hour performance, with the provided data showing ETHUSDT down 3.6%, ADAUSDT down 5.4%, and SOLUSDT down 4.7%. The bill now moves to the House of Representatives for further debate.