#OneBigBeautifulBill "One Big Beautiful Bill" refers to a significant budget reconciliation law passed by the 119th United States Congress and signed into law by President Donald Trump on July 4, 2025. It contains a wide range of tax and spending policies, forming a core part of his second-term agenda.

Key aspects of the bill include:

* Tax Cuts: It permanently extends individual tax rates from 2017 and introduces new temporary deductions for tips, overtime pay, and auto loans. It also creates "Trump Accounts" for children's tax-deferred savings.

* Spending Cuts and Program Changes: The bill includes cuts to Medicaid, stricter work requirements for SNAP (food stamps), and changes to other federal programs. It aims to reduce waste, fraud, and abuse in government spending.

* Debt Ceiling: It raises the United States debt ceiling by $5 trillion.

* Defense Spending: It allocates an additional $150 billion for defense, including funding for shipbuilding and a proposed "Golden Dome" missile defense system.

* Immigration Enforcement: The bill provides billions in expanded funding for agencies like ICE and CBP to support immigration enforcement and deportations.

* Energy Policy: It makes significant modifications to clean-energy credits, including phasing out some and introducing foreign-entity restrictions.

* Remittance Tax: It imposes a 1% excise tax on non-commercial remittance transfers sent abroad.

There is no direct relationship or connection between "One Big Beautiful Bill" and Binance. Binance is a global cryptocurrency exchange, and the bill focuses on U.S. domestic economic and social policies. While the bill does address tax policy, there's nothing in the provided information to suggest it specifically impacts cryptocurrency exchanges or their operations, or that Binance played any role in the bill's development or passage.