The US Senate narrowly approved a budget reconciliation bill championed by President Trump, facing backlash from both parties over concerns regarding healthcare cuts, AI regulation, and tax cuts. The bill, known as the 'One Big Beautiful Bill Act,' passed with a 50-50 vote, with Vice President JD Vance casting the deciding vote. All Democrats and three Republicans opposed it, suggesting amendments for AI funding and rural hospital support. Senator Cynthia Lummis proposed a provision for fair tax treatment of cryptocurrency miners, but it was not included in the final bill. Representative Nicholas Begich expressed disappointment over this omission but remains hopeful for future opportunities. Following the vote, Lummis acknowledged the bill's imperfections but deemed it a significant advancement. The legislation will now return to the House for further consideration, where Republicans hold a slim majority. Critics, including Senator Elizabeth Warren, condemned the bill for prioritizing corporate interests over healthcare for Americans. Meanwhile, discussions on regulating digital assets continue, with the Senate and House working on related legislation. Read more AI-generated news on: https://app.chaingpt.org/news

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