Summary
- It was reported that the United States Senate passed President Donald Trump's budget bill, but provisions related to virtual asset taxation were not included.
- It was revealed that Senator Cynthia Lummis's proposed tax exemption clause for small virtual asset transactions under $300 was excluded from the final bill.
- While the Trump administration emphasizes the promotion of the virtual asset industry, related tax reforms are expected to be discussed through a separate legislative process.
According to CoinDesk, a media outlet specializing in virtual assets, on the 1st (local time), the United States Senate finally passed President Donald Trump's budget bill, but provisions related to virtual asset taxes were not included.
Previously, Senator Cynthia Lummis attempted to add a provision exempting small transactions under $300 of virtual assets from taxation to the budget bill, but it was excluded from the final version.
Meanwhile, the Trump administration has recently emphasized fostering the virtual asset industry, but related tax reforms are expected to be discussed through a separate legislative process.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
