The Trump "Great American Outdoors Act" has been passed, but it does not include provisions for cryptocurrency tax incentives

2025-07-02 08:16:30
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ChainCatcher news, according to Decrypt, the U.S. Senate narrowly passed the "Great American Outdoors Act" proposed by President Trump, but did not include amendments aimed at providing tax relief for crypto miners and retail users.

In the final hours of intense negotiations before the bill's passage, pro-crypto lawmakers and industry policy leaders, led by Senator Cynthia Lummis (R-WY), worked to attach an amendment that included multiple crypto-related tax incentives covering crypto miners, stakers, businesses holding large amounts of cryptocurrency, and ordinary digital asset users. However, time ultimately ran out, and the amendment failed to make it to the Senate's consideration stage. A crypto policy leader described the outcome as a "missed opportunity," stating that they "just ran out of time."

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