According to online reports, according to encryption journalist Eleanor Terrett, more than 24 hours after the U.S. Senate amendment process, Senator Cynthia Lummis (originator of the Bitcoin Reserve Act)'s cryptocurrency tax proposal still has no signs of passage. The time window for submitting the proposal to the Senate for discussion may have closed or the opportunity has been missed. Previously, U.S. Senator Lummis proposed to add tax exemptions for small crypto transactions to the "Beautiful Act", including tax exemptions for small crypto transactions (less than $300), and in the industry's view this will straighten out the current practice of imposing taxes on cryptocurrencies. Core activities-pledges and digital asset mining-are taxed at both the beginning and end of the activity.