President Donald Trump’s Mega Tax and Expenditure Bill can go through the US Senate discussion throughout the night as senators look to deal with modifications, some of which will affect the crypto.

The Senate Vote-e-Ram-Jahan can propose MPs Amendment Which is rapidly voted – a large beautiful bill of Republican is running for 17 hours at the time of publication, bidding to include hundreds of modifications with senators on both sides.

Voting in the early hours of Tuesday, Washington, DC may go to the early hours of local time, as Trump wants the bill to be passed by July 4 on Friday, 4 July.

The House passed the bill in May with a razor-split 215 to 214 votes, and the thin Senate majority of the Republican means that it could also come down to the wire in the upper chamber.

Lummis wants a revision by crypto

Republican Senator Synthia Lummis carried forward an amendment Said Crypto’s purpose was to eliminate “unfair tax treatment” and Would like “Ensure that American can use digital assets without fear of tax violation.”

“Over the years, miners and stakes have been taxed twice. Once they get a block reward, and again when they sell it.”

According to a lecturer sheet from Lummis’s office viewed by Lummis amendment Croptelegraph, it will waive taxes on crypto transactions under $ 300 with an $ 5,000 annual total cap.

Other provisions in the amendment will exclude the most crypto lending agreements and determine that the crypto was earned from aircraft, mining and stacking, until sold.

Another provision will also apply a 30-day wash sales rule for Crypto, which will ban the sale of a digital property for a loss and replace it with a similar property 30 days before or after sale.

Political crypto promo revision shot

Earlier on Monday, Senate shot a Democrat-supported Amendment It would have banned government officials and their families from offering or promoting a series of digital assets.

Democratic senators Jeff Mercale, Elizabeth Warren and Jack Reid will restrain amended by the amended amendment-President, Vice President, Congress members and other government officials from cryptocurrency, memecoin, tokens, non-fingered tokens or stabilities owners or promoting or propagating a host.

The ban would have been extended to the spouse and children of such officers, and especially former special government employees – such as Elon Musk – until one year after their role ended.

Lummis was one of the MPs who shot the amendment and said Comment On Senate’s floor that he appreciated “concerns about morality”, but claimed that the proposal would “cause serious damage to American innovation and competition.”

They added the ban on the family of government officials, adding the “far away” amendment, and if the US had passed a similar law in the early days of the Internet, we would have sent a clear message that the US was closed for business. “

If the bill passes, the musk promises the new political party

Kasturi, former government cost-cutting CZAR of Trump which later joined An online spat On the “Big Beautiful Bill”, with the President, ruled the quarrel, on X, saying that he would form a new political party when the bill is passed.

“If this crazy expenditure bill passes, the US party will become the next day,” Musk wrote X on Monday.

“Our country requires an option for Democrat-Republican Unipti.”

Connected: Trump’s large beautiful bill can trigger the US debt crisis and bitcoin boom

Tesla Boss has raised the issue with government spending allowance in the bill, which is estimated to add $ 3.3 trillion to the national loan in the next 10 years, it is called “disgusting disgusting”.

The world’s richest man helped Musk in the campaign of Bankarrol Trump, but earlier threatened in a separate post that he would unheard any MPs supporting the bill.

“Each member of the Congress launched a campaign to reduce the government’s expenses and then voted immediately for the biggest debt increase in history, he should hang his head in shame!” Musk wrote.

He said, “They will lose their primary next year, if this is the last thing on this earth,” he said.

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