Congress' Budget Bill Advances From Senate Without Crypto Tax Provision

Key Points

1. The Senate passed a budget bill advancing President Donald Trump's policy agenda without including a crypto tax provision advocated by Senator Cynthia Lummis.

2. Senator Lummis had pushed for changes to the U.S. tax approach regarding cryptocurrencies, but her amendment was not included in the final bill.

3. The budget bill, which involves over $3 trillion in government spending, will next face scrutiny in the House of Representatives.

4. Senate Majority Leader John Thune celebrated the bill's passage, emphasizing tax relief and economic benefits, while Senator Elizabeth Warren criticized corporate tax breaks included in the bill.