🚨 Breaking News: House Passes Trump’s “Big, Beautiful Bill” After Stamping Out GOP Rebellion 🇺🇸 What This Means for Crypto?
🏛️ Trump Secures Major Legislative Win
In a dramatic July 3rd session, the U.S. House narrowly passed President Trump’s ambitious tax-and-spending legislation, dubbed the “One Big Beautiful Bill,” with a 218–214 vote. The bill cements permanent extensions of the 2017 Trump tax cuts and adds new benefits, including:
❌ Elimination of taxes on tips and overtime
👵 Special tax deductions for senior citizens
💵 Expanded tax relief for middle-class families
⚔️ Fierce GOP Infighting Resolved
Internal GOP opposition nearly derailed the bill. After last-minute negotiations and pressure from Trump’s inner circle, Republican holdouts flipped. A dramatic standoff from Rep. Scott Perry and a record 8-hour, 59-minute speech from Minority Leader Hakeem Jeffries added to the theatrics.
💸 What’s in the Bill?
🪖 Boosts military and border security funding
🌱 Slashes Biden-era clean-energy tax credits
🧾 Enforces Medicaid work requirements, threatening coverage for millions
📉 Adds $3.3–$5 trillion to national debt over a decade
🚀 What This Means for Crypto?
The bill doesn’t directly mention crypto, but lower taxes and reduced regulatory appetite signal a more favorable environment for crypto investors and Web3 entrepreneurs. Less IRS scrutiny on side income (like tipping) may boost micropayment use cases. However, the massive debt load could fuel long-term inflation fears—making Bitcoin and stablecoins more attractive as hedge assets.
👉 Crypto markets may see increased bullish sentiment if Trump’s economic vision continues to gain ground.