#OneBigBeautifulBill
The "Great, Beautiful Law" 🇺🇸 impacts the crypto world indirectly. Its key points are:
Tax Implications: The extension of tax cuts means low rates on capital gains 💰, encouraging long-term investment in cryptocurrencies and attracting new investors.
Increase in Spending: More investment in defense and energy ⚡ can drive overall technological innovation, indirectly benefiting blockchain technology and cryptocurrencies.
Restrictions on Medicaid: This is a social concern. This is negative because millions of people are estimated to lose their health coverage, even those who qualify but have difficulties navigating the bureaucracy. Additionally, funding cuts could force states to reduce benefits and jeopardize the viability of hospitals, especially in rural areas, increasing uncompensated care and medical debt for everyone.
