In a narrow 51-50 decision, the US Senate has passed the monumental ‘One Big Beautiful Act,’ a significant budget reconciliation package backed by President Joe Biden. This legislative effort aims to reshape various sectors of the economy, though it arrives without substantial measures for the cryptocurrency market.
Despite vigorous lobbying from industry leaders, the finalized bill did not include any provisions for crypto tax incentives.
For crypto enthusiasts, particularly traders, the journey continues without regulatory clarity. However, they will soon benefit from remarkably low fees of just 0.85% and swift transaction executions on the Solana network, largely thanks to Snorter Token ($SNORT).
Senate Declines to Amend Crypto Transaction Taxes
A highly scrutinized proposal was the amendment from Senator Cynthia Lummis, which sought an exemption on capital gains for crypto transactions below $300, capped annually at $5,000.
Industry figures like David Bailey from BTC Inc. and Tyler Winklevoss from Gemini voiced their support for reform.
Notwithstanding the setback, Lummis remains optimistic, viewing the bill as a stride forward that promises significant benefits for families in Wyoming and beyond.
However, the absence of crypto tax clarity complicates matters for individuals wishing to utilize digital currencies for daily purchases without facing tedious tax implications.
This ambiguity may see many opting for decentralized platforms instead of centralized exchanges.
As a result, tools like Snorter Bot gain importance in this evolving landscape.
While the quest for regulatory guidance continues, Snorter offers automation, quick transactions, and low fees tailored for the busy trader.
Snorter Bot: A Game-Changer for Solana Traders
Launching in Q3 2025 on Telegram, the Snorter Bot will be your go-to tool for identifying promising cryptocurrencies and alerting users to potential scams before they occur, all within the unregulated meme coin world.
It stands out not just for speed but also for cost-efficiency, with trading fees reaching as low as 0.85%, outperforming competitors like Maestro, Bonk Bot, and Banana Gun.
The platform’s advanced security features, including smart contract evaluations and honeypot alerts, allow traders to operate efficiently while mitigating risks.
Although initially focused on Solana, Snorter aims to diversify into major EVM-compatible chains, setting itself up for long-term success across multiple platforms.
At its core is Snorter Token ($SNORT), which offers reduced fees, premium bot access, and attractive staking rewards currently at an impressive 236% APY.
By holding $SNORT, investors will also have a say in the platform’s future through its forthcoming Decentralized Autonomous Organization (DAO).
Your holdings will grant you voting rights on crucial development initiatives and sustainability strategies within the ecosystem.
It’s worth noting that $SNORT has successfully raised over $1.4 million since its presale launch on May 28, 2025.
$SNORT and the Future of Crypto Trading
The Senate’s omission of crypto tax reform from the One Big Beautiful Act may seem discouraging, yet it reflects how rapidly innovation can outpace regulatory frameworks.
The aspiration for hassle-free, routine cryptocurrency transactions persists, requiring a combination of advocacy and advanced trading solutions. Snorter Bot symbolizes this innovation.
As legislative progress stalls, Snorter is poised to empower users with decentralized trading capabilities that feature unparalleled fees and true on-chain utility.
Investors can enter the market with $SNORT at just $0.0971. Given market trends, the token is projected to grow to $0.94 upon listing on major exchanges, presenting an exciting opportunity for an 868% increase.
However, it’s important to approach investments prudently; once listed, cryptocurrencies can experience significant volatility. Always conduct thorough research and invest only what you can afford to lose.
