The U.S. Senate passed a major bill, but the encryption tax amendment was not included.

On July 2, according to reports, a large-scale coordinated bill proposed by U.S. President Trump narrowly passed in the Senate on Tuesday, but the bill failed to include important tax amendment provisions that could benefit encryption users.

In the final hours of tense negotiations surrounding the President's "Beautiful Law", senators supporting encryption and industry policy leaders raced against time to try to include an amendment in the bill that contains long-sought-after encryption tax incentives, benefiting stakers, miners, businesses holding large amounts of encryption assets, and ordinary digital asset users.

However, there was not enough time in the end. Prior to this, sources indicated that the cryptocurrency tax provisions, spearheaded by Wyoming Republican Senator Cynthia Lummis, were not ready until the weekend. This led to chaos on Monday. Lummis promised to introduce the relevant amendments during the vote-a-rama, while cryptocurrency policy advocates also urged the American public to contact their respective senators to push for the inclusion of the amendment on the Senate agenda.

But by noon on Tuesday, when Vice President J.D. Vance cast the critical vote to pass the bill, Lumis and her Republican colleagues still failed to incorporate the encryption tax provisions into the bill's deliberation. A leader in crypto policy expressed regret over the outcome, calling it a "missed opportunity" for the industry.