The post Will Trump’s Big Beautiful Bill Help Crypto Miners? appeared on BitcoinEthereumNews.com.

As the debate over Trump’s Big Beautiful Bill reaches a fever pitch, Senator Cynthia Lummis is attempting to add an amendment to reduce taxes on crypto miners. The White House reportedly supports her efforts. However, these last-minute amendments work both ways. Anti-crypto and anti-renewable modifications may actually hurt crypto miners, and it’s impossible to say what will become law. Trump’s Big Beautiful Bill and Crypto Implications It’s a tough time for crypto miners, with firms exiting the business and geopolitical disruptions bringing the global hashrate to an 8-month low. Additionally, Senator Cynthia Lummis identified some apparent inconsistencies in these firms’ tax obligations. Aiming to fix this, Lummis is working to add some last-minute amendments to Trump’s Big Beautiful Bill: For years, miners and stakers have been taxed TWICE. Once when they receive block rewards, and again when they sell it. It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower. 🇺🇸 — Senator Cynthia Lummis (@SenLummis) June 30, 2025 The Big Beautiful Bill is a controversial budget reconciliation effort that’s growing to cover a huge range of topics. It passed the House of Representatives, and the Senate is in a flurry of activity to deliver on a workable version. Amendments and backroom deals are going back and forth around the clock, leaving Lummis an opportunity to squeeze in mining tax reform. Congressional reporters claimed that the White House supports Lummis’ effort, especially since she’s a firm Trump ally. Strictly speaking, her proposed reform seems fairly straightforward: remove one tax on US miners, either when they receive block rewards or sell them. The Big Beautiful Bill might be her best chance to pass them quickly. However, the Big Beautiful Bill is becoming a convoluted mess. As the name suggests, it covers a huge…

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Filed under: News - @ June 30, 2025 11:26 pm