"Digital Shock": Trump-Backed Budget Passes Without a Word on Crypto

 

Surprise Omission Leaves Crypto Industry Disappointed

In a surprising move that has unsettled the digital asset community, the U.S. Senate passed the new federal budget bill — supported by former President Donald Trump — without including a single reference to cryptocurrencies or blockchain technologies, despite Trump’s repeated public support for the sector.

The budget, which passed narrowly on Tuesday, June 1, spans over 1,000 pages, yet contains no mention of Bitcoin, Ethereum, blockchain, or Web3. The omission has sparked concern and frustration among crypto advocates, many of whom were expecting at least symbolic progress.

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Failed Attempts to Introduce Crypto Amendments

Despite efforts by pro-crypto lawmakers such as Senator Cynthia Lummis, no proposed amendments made it into the final version of the bill. Lummis had pushed for tax reforms favoring crypto mining and staking, arguing that miners and stakers are subject to double taxation under current IRS rules.

"Our tax system punishes innovation," Lummis warned during committee discussions. "We need to fix the outdated treatment of digital asset activities."

However, her proposals were sidelined during the final negotiations.

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Doubts Cast on Political Commitment to Digital Finance

The exclusion of any crypto-related language from the Trump-supported budget has raised fresh doubts about the political sincerity of promises made to the blockchain industry. Despite vocal endorsements and campaign rhetoric supporting innovation in digital finance, the lack of concrete policy action sends a different message.

For a sector that hoped to see meaningful engagement under a potentially pro-crypto administration, this silence is being interpreted as a warning sign rather than a delay.

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Industry Response: A Call for Clarity and Action

Crypto leaders are now urging policymakers to match words with action, warning that continued ambiguity and exclusion from fiscal frameworks could stifle innovation and investment in the United States.

Without clear regulatory pathways or fiscal recognition, the U.S. risks falling behind as other countries move forward with crypto-inclusive financial strategies.

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