According to @FoxNews, a significant legislative effort to ease crypto taxation in the U.S. has stalled after the Senate passed a major budget bill without an amendment from Senator Cynthia Lummis. The proposed change would have waived capital-gains taxes on small-scale crypto transactions, but its failure means the current, more complex tax rules remain in place for now. From a trading perspective, this maintains regulatory uncertainty. In parallel, the crypto-focused political action committee, Fairshake, continues its influential spending, recently backing a winning candidate in a Virginia special election. With approximately $116 million still on hand from backers like Coinbase and Ripple, Fairshake's sustained political push signals a long-term industry strategy to secure favorable legislation. This legislative backdrop coincides with market volatility, as provided data shows Ethereum (ETH) trading around $2,491 after a 4.2% decline and XRP near $2.22, down 2.5% over 24 hours.