President Donald Trump's budget proposal, despite passing in the U.S. Senate, notably omitted any specific provisions related to cryptocurrency taxation, according to a report by Coindesk. This lack of attention to digital asset taxation leaves the current regulatory landscape uncertain for crypto users. Senator Cynthia Lummis had previously championed an amendment aimed at simplifying cryptocurrency tax reporting. Her proposal sought to exempt small cryptocurrency transactions under $300 from capital gains taxes. This would have streamlined tax compliance for everyday crypto users making small purchases. The omission of cryptocurrency tax considerations from the budget leaves open questions about the future of crypto taxation policy in the US. It remains to be seen whether separate legislation will address these issues in the future. ```