geniusactpass

The media and the left want you to panic over this bill—BUT IT'S COMMON SENSE. Here's why it’s actually a WIN for taxpayers and hardworking Americans:

✅ \$35 BILLION saved by making sure only LEGAL CITIZENS get Medicaid. If you’re here illegally, no taxpayer-funded healthcare. FAIR, right?
✅ \$42 BILLION saved by putting an end to hospitals gaming the system. Say goodbye to inflated prices that drain taxpayer money!
✅ \$148 BILLION saved by enforcing FAIR pricing—no more overcharging Medicaid patients at the hospital.

TOTAL SAVINGS: \$225 BILLION without hurting honest Americans. 💰

But the left wants you to be scared **BEFORE you even read the bill.** Don't fall for it—this is SMART, NECESSARY reform. The taxpayers deserve better. 💪

💬 Agree? Share and help WAKE UP the people who are being misled! 🔥
#TrumpVsMusk #NFPWatch #NextCryptoETFs? #GENIUSActPass #ElonMuskDOGEDeparture

Looks like the latest buzz is around Trump's recent comments on crypto, sparking a lot of debate about its future role in the economy!
$BNB
$BTC Looks like the latest buzz is around Trump's recent comments on crypto, sparking a lot of debate about its future role in the economy!$ETH

#OneBigBeautifulBill #TrumpVsMusk #GENIUSActPass
🧩 What the Bill Does (Quick Recap)

A sweeping budget‑reconciliation bill signed by President Trump on July 4, 2025, after passing both chambers of Congress.

Includes permanent tax cuts, extensions for manufacturers and small businesses, cuts to Medicaid, food aid, and clean energy credits, plus significant defense and border enforcement funding.

Roaring increase in the federal deficit—$2.8–3.4 trillion over the next decade—per CBO and other estimates.

⚖️ Crypto-Specific Impacts

1. No Direct Crypto Regulation

The final version omitted all previously proposed crypto provisions—like staking rewards tax rules, de minimis exemptions, wash‑sale rules, etc.

This leaves the crypto regulatory landscape largely unchanged until standalone bills pass later in the year (e.g., CLARITY Act, GENIUS Act).

2. Macro Tailwinds: Inflation & Deficit

With large deficits, analysts expect the Fed to maintain a loose monetary policy in the medium term.

Crypto-market sentiment is generally bullish, with Bitcoin seen as “scarce digital gold” in inflationary conditions.

3. Minor Gains for Miners & Startups

Provisions like 100% bonus depreciation help capital‑intensive businesses—like Bitcoin mining operations.

Tax cuts for pass-through businesses may aid blockchain startups by easing R&D and equipment expenses.

4. Uncertainty & Risk

With no federal crypto guidance in the bill, questions remain about tax treatment, staking, wash sales, etc.

Potential upcoming amendments: Sen. Lummis and others are pushing hard for a crypto de minimis tax exemption and staking-tax clarity—but timing is tight.

📈 Market Reaction & Sentiment

Short-term: Bitcoin saw a 0.1–0.4% uptick, broad crypto cap rose ~0.4% immediately post-passage.

Asian session dip: BTC dropped about 1.5%, altcoins down 3–4%, as investors reassess Musk vs. Trump dynamics.

On-chain signals: Traders are positioning for a "risk‑on" environment; social volume for “big beautiful bill” surged.

✅ Bottom Line

✅ Pros⚠️ ConsMacro liquidity boost → BTC as inflation hedgeNo regulatory clarity → continued uncertaintyBonus depreciation → mining & startup capital reliefDeficit rise → long-term rate or tax risksSentiment tailwinds, albeit modestCuts to clean energy → negative for green-mining projectsOngoing legislative push (e.g. Lummis)

🔜 What to Watch Next

Crypto amendments: Will key tax relief measures (de minimis exemption, staking rules) make the final cut? Timing: within the next few days/weeks.

Separate crypto bills: The upcoming CLARITY and GENIUS Acts could bring clearer federal regulation.

Macro trajectory: Keep an eye on Fed policy, inflation data, and deficit projections that affect crypto’s risk-asset appeal.

In summary: The One Big Beautiful Bill doesn’t alter crypto laws directly—but by expanding deficits and liquidity, extending business tax benefits, and leaving the regulatory field unchanged, it creates a cautiously bullish macro backdrop for Bitcoin and crypto. Still, the lack of clarity keeps risks intact until further crypto-specific legislation materializes.

Countries that ban #crypto payments often have no restrictions on using crypto abroad, but such legal overlaps may attract scrutiny from global regulators like the FATF.

The popularity of stablecoins for cryptocurrency payments has increased in recent years, with many global companies embracing new payment methods.#GENIUSActPass
Despite the trend, crypto payments remain prohibited for retail users in multiple countries, including China, Indonesia, Russia, Turkey and others.#StrategyBTCPurchase
Still, while domestic crypto payments may be banned in these jurisdictions, using cryptocurrency to pay for services abroad may be legally permissible, according to some legal experts and observers of crypto regulation.#REX-OSPREYSolanaETF
“As a general rule, the laws of a country apply only to events occurring within that country or to its own citizens,” said Meric Paldimoglu, a lawyer in Turkey and managing partner of Paldimoglu Law Firm.#Write2Earn
Can Russian and Turkish residents pay in crypto for foreign services?
In early June 2025, Georgian travel company Tripzy began accepting payments in Tether’s USDt USDT$1.00 stablecoin via the CityPay infrastructure, allowing international clients to book services using the stablecoin.
“We started accepting cryptocurrency to offer our clients more freedom and convenience in payment,” a Tripzy spokesperson told Cointelegraph. “This is especially relevant for guests from countries with currency restrictions or just for those who value the speed of transactions,” the spokesperson added.
Given that Georgia relies heavily on tourism from countries like Russia and Turkey — where crypto payments are restricted for residents — the new feature raises questions about the legality of cross-border payments for travelers from these jurisdictions.
However, there are no laws explicitly prohibiting the use of cryptocurrency for payments made abroad.$BTC $BNB