The encryption tax incentive provisions were not included in Trump's "Beautiful Law".

[The encryption tax incentives were not included in Trump's "Beautiful America Act"] On Tuesday local time, the U.S. Senate narrowly passed President Donald Trump's "Beautiful America Act," but to the disappointment of leaders in the encryption industry, the bill failed to include a key tax amendment aimed at cryptocurrency users that they had previously advocated for. In the final hours of intense negotiations before the bill's passage, pro-encryption senators led by Senator Cynthia Lummis from Wyoming worked to attach an amendment containing multiple tax incentives related to encryption to the bill. These incentives covered crypto miners, stakers, businesses holding large amounts of cryptocurrency, and ordinary digital asset users. However, time ultimately ran out, and the amendment failed to enter the Senate's review stage. A leader in crypto policy expressed that this outcome was a "missed opportunity," stating that they "just ran out of time."