#OneBigBeautifulBill

On July 3rd, the One Big Beautiful Bill was approved by the Senate and is now awaiting its passage through the House of Representatives.

This law expands tax cuts, exempts tips from taxes, and raises the debt ceiling to 5 trillion USD.

Although it lacks specific crypto measures, the market reacted positively with slight increases in Bitcoin.

However, voices like Arthur Hayes warn that this massive spending could pressure Bitcoin, potentially leading to a drop near 90,000 USD.

In summary, while it does not directly favor the crypto sector, this bill could inject liquidity and increase demand for safe-haven assets, albeit with inflation risk.