‘One Big Beautiful Bill’ passed – But is crypto being pushed to the side?

Key Points

1. The Senate passed the 'One Big Beautiful Bill' with deep tax cuts, backed by Donald Trump, amid sharp bipartisan division.

2. Crypto tax relief was excluded from the bill, leaving miners and stakers in regulatory uncertainty.

3. The bill introduces nearly $930 billion in cuts to social safety net programs like Medicaid and SNAP, while dismantling many of Biden's green energy initiatives.

4. Senator Cynthia Lummis advocated for tax relief for miners and stakers, but such reforms were not included in the final bill.

5. The bill's passage has sparked concerns about weakening America's position in the global digital asset landscape.