Trump's "Beautiful Law" may include a Bitcoin tax exemption.

Gate News bot news, according to Decrypt, senators led by Cynthia Lummis are competing to include a cryptocurrency-supporting amendment in President Trump's One Big Beautiful Bill Act. The amendment could include tax exemptions for smaller-scale crypto transactions, clarifications on taxing cryptocurrency rewards, and measures to encourage companies to report unrealized crypto gains. Sources say that the push to include the amendment is a last-minute scramble, with multiple possible outcomes, but a decision is likely to be made before the end of Monday.

As Senate Republicans compete to pass the comprehensive budget reconciliation bill proposed by President Donald Trump (the "Beautiful Law Act"), Congress is making a final push to amend the bill, which could benefit Crypto Assets investors in various ways.

Among them, the most attention seems to be focused on a provision that will ultimately implement a so-called minimum exemption on capital gains tax for a small amount of Crypto Assets, which could pave the way for broader adoption of Crypto Assets for payments.

Currently, even for a small amount of Bitcoin, such as using Bitcoin to buy a hamburger, or paying network Gas fees with a small amount of Ethereum, users still need to calculate the capital gains and losses for each transaction. However, it is still uncertain whether these tax law modifications will be included in the final version of the "Great American Act."

Time is running out. As of Monday afternoon, lawmakers are debating several amendments to add to the bill. Meanwhile, sources revealed that Senate Republicans are meeting privately to determine whether to add all or part of the encryption tax provisions that Lummis has been working on for over a year to the bill.

A crypto policy leader familiar with the relevant discussions said when talking about the Lumis crypto tax provisions: "It is still unclear whether it can be completed in time and included in the Great American Build Act. It was finally completed yesterday."

Now, the leaders of the Crypto Assets policy and their allies in the Senate are competing in real-time to determine which provisions can reasonably be added to the "Great American Act" this afternoon. The lawmakers involved hope to secure a victory for Crypto Assets as much as possible, but they also do not want to risk adding more chaos to a legislative process already mired in Republican defections and controversies.