#OneBigBeautifulBill

The "One Big Beautiful Bill" (OBBB), passed by the U.S. Congress on July 3, 2025, is a massive tax and spending package that significantly impacts the cryptocurrency market, despite lacking direct crypto regulations. Key points:Economic Impact: The bill raises the U.S. debt ceiling by $5 trillion, potentially fueling inflation and weakening the dollar. This has led to a bullish outlook for Bitcoin, seen as a hedge against fiat currency devaluation, with some analysts predicting Bitcoin could reach $200,000 by year-end.Crypto Tax Provisions: Earlier drafts included crypto-friendly amendments, such as deferring taxes on mining/staking rewards until sold, a $600 de minimis exemption for small transactions, and mark-to-market accounting for digital assets. These were excluded from the final bill, disappointing crypto advocates.Market Reaction: Bitcoin briefly fell to $105,000 after the bill's Senate passage on July 2, 2025, with altcoins like Ethereum, XRP, and Solana dropping 3-4%. However, Bitcoin later rallied to $109,400, driven by inflation fears and strong ETF inflows. Total crypto market cap reached $3.39 trillion.Long-Term Outlook: While the bill lacks crypto tax clarity, its inflationary policies could drive adoption of Bitcoin and other cryptocurrencies as alternative assets. Pro-crypto lawmakers like Senator Cynthia Lummis plan to push separate crypto-focused legislation.