Senate Republicans Push For Crypto-Friendly Amendments Amid Budget Bill Discussions
2025-07-01 16:48:36
Main Idea
The article covers various cryptocurrency-related topics, including news about Ripple's CEO, Senate Republicans pushing for crypto-friendly amendments, and updates on Bitcoin's price and market performance.
Key Points
1. Ripple CEO announces a decision regarding cross-border transactions, though specifics are unclear.
2. Senator Cynthia Lummis advocates for crypto-friendly amendments in the budget bill, including tax treatment for crypto miners and stakers.
3. Senator Jeff Merkley introduces an amendment to restrict lawmakers from trading crypto tokens they have a financial interest in, but it is defeated.
4. Bitcoin's price is consolidating at $107,187, up 2% weekly but still 4% below its record high of $111,800.
5. The article mentions various other crypto-related topics, such as ETFs, stablecoins, and mining opportunities, but lacks detailed information.
Description
As Republicans rush to pass President Donald Trump’s “One Big Beautiful Bill” budget plan, a timely initiative is emerging in Congress that puts cryptocurrency in the spotlight once more. Lawmakers are seeking to attach amendments aimed at providing significant advantages for cryptocurrency investors, contributing to the ongoing shift in the regulatory landscape for digital assets in the country. Fair Tax Treatment For Crypto Miners And Stakers On Monday, Senator Cynthia Lummis, an advocate for ...
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